Which Statement Is True About the Following Constructor of the BankAccount

question 10

Multiple Choice

Which statement is true about the following constructor of the BankAccount class? public BankAccount(double balance)
{
This.balance = balance;
}

• A) The code has a syntax error.
• B) The code has a logic error.
• C) You can't have an instance variable and a parameter variable with the same name.
• D) The code sets the instance variable balance to the parameter variable balance.

Understand and apply the concept of cash equivalents in financial reporting.

Understand the practices in safeguarding company assets and ensuring reliability in the accounting system.

Analyze financial data to determine financial health and uncover discrepancies.

Apply principles of bank reconciliation to adjust company and bank records accurately.

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Definitions:

Taxation

The process by which governments impose charges on citizens and corporate entities, generating revenue used to fund public services and infrastructure.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

Sales Tax

A consumption tax imposed by the government on the sale of goods and services.

Valuation Rate

The estimated or assessed value of an asset or liability for accounting and tax purposes.