Creating an Object Is Called

question 19

Multiple Choice

Creating an object is called

• A)instantiation.
• B) overloading.
• C) modeling.
• D)abstraction.

---

Definitions:

Credibility

The quality of being trusted and believed in, important in financial reporting and accounting practices.

Net Sales

The sum of sales income left over after subtracting returns, allowances for damaged or missing goods, and discounts.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Income Statement

It's a financial statement that shows a company's revenues, expenses, and profits or losses over a specific period.