Examlex

Solved

The Purpose of A(n)____ Is to Return a Value from the Class

question 29

Multiple Choice

The purpose of a(n) ____ is to return a value from the class to a client.


Definitions:

Straight-Line Method

A depreciation technique that allocates an equal proportion of the cost of an asset to each year of its useful life.

Amortize Discount

The process of gradually writing off the discount on bonds payable over the life of the bond, effectively recognizing some interest expense each period.

Bonds Payable

Long-term liabilities that represent the amount a corporation owes to bondholders.

Effective-Interest Method

A method of calculating the amortized cost of a bond and interest expense using a constant interest rate over the term of the bond.

Related Questions