Match Each Term with a Statement Below

question 3

Multiple Choice

Match each term with a statement below.

-The concept that other classes should not alter an object's attributes-only the methods of an object's own class should have that privilege

• A)instance variables
• B)class client
• C)inheritance
• D)class
• E)information hiding
• F)state
• G)primitive data types
• H)attributes
• I)encapsulation
• J)object

Calculate depreciation using the straight-line method.

Explain the process of preparing a worksheet and the importance of adjustments for accurate financial reporting.

Understand ethical and legal guidelines in the billing and collection process.

Know the important acts and regulations governing credit and debt collection.

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Definitions:

Corporation

A legal entity that is separate from its owners, who own shares in the company and have limited liability.

Controller

A senior executive responsible for the accounting operations and financial reporting of a company.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.

Declare Dividends

Declare dividends refers to the action by a company's board of directors to distribute a portion of the earnings to shareholders, typically in the form of cash or stock.