If You Have Defined a Class, SavingsAccount, with a Public

question 51

Multiple Choice

If you have defined a class, SavingsAccount, with a public static data member named numberOfAccounts, and created a SavingsAccount object referenced by the variable account20, which of the following will assign numberOfAccounts to numAccounts?

• A) numAccounts = account20.numAccounts;
• B) numAccounts = numOfAccounts;
• C) numAccounts = SavingsAccount.numberOfAccounts;
• D) numAccounts = account20;

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Definitions:

FIFO Method

An accounting method where the oldest inventory items are recorded as sold first.

Equivalent Units Of Production

A calculation used in process costing that converts partially completed goods into a number of fully completed units.

Conversion Costs

The combined costs of direct labor and manufacturing overheads incurred to convert raw materials into finished products.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale.