What Is the Output of the Following Code Snippet? Double

question 31

Multiple Choice

What is the output of the following code snippet? double income = 45000;
Double cutoff = 55000;
Double minIncome = 30000;
If (minIncome > income)
{
System.out.println("Minimum income requirement is not met.") ;
}
If (cutoff < income)
{
System.out.println("Maximum income limit is exceeded.") ;
}
Else
{
System.out.println("Income requirement is met.") ;
}

• A) Minimum income requirement is not met.
• B) Maximum income limit is exceeded.
• C) Income requirement is met.
• D) There is no output.

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Definitions:

Consolidated Financial Statements

Financial statements that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document, as if the group was a single entity.

Acquisition Method

An accounting procedure used in consolidating the financial statements of a parent company and its subsidiaries, focusing on the fair value of acquired assets and liabilities.

Purchase Method

An accounting method used in business combinations where the acquirer's assets, liabilities, and contingent liabilities are recorded at their fair values at the acquisition date.

Subsidiary's Assets

Assets owned by a company that is completely or majority-owned by another company, known as the parent company.