Briefly Explain How to Create Instance Variables, and Show How

question 39

Essay

Briefly explain how to create instance variables, and show how to define a private integer instance variable called idNumber within a class called Employee.

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Definitions:

Bond Redemption

Bond redemption is the process of repaying the principal amount of a bond at or before its maturity date by the issuer.

Carrying Value

Also known as book value, it is the value of an asset as shown on the balance sheet, calculated as the original cost minus accumulated depreciation.

Premium on Bonds Payable

The additional amount over the face value for which bonds are sold, reflecting the market's perception of lower risk or higher interest compared to the market rate.

Bonds Payable

Long-term liabilities representing money borrowed by a company that must be repaid, typically with interest, at a future date.