Assertions
for Each of the Five Points Labeled by Comments

question 3

Essay

Assertions
For each of the five points labeled by comments, identify each of the assertions in the table below as either being always true, never true, or sometimes true / sometimes false.
public static int randomWalk(int steps) {
Random rand = new Random();
int x = 0;
int r = rand.nextInt(2);
// Point A
while (steps > 0 || x == 0) {
// Point B
if (r == 0) {
x++;
// Point C
} else {
x = 0;
// Point D
}
steps--;
r = rand.nextInt(2);
}
// Point E
return x;
}
Fill in each box below with one of ALWAYS, NEVER or SOMETIMES. (You may abbreviate them as A, N, or S.)
$\begin{array}{l|c|c|c|} & \text { steps }>0 & \mathrm{x}>0 & \mathrm{r}>0 \\\hline \text { Point A } & & & \\\hline \text { Point B } & & & \\\hline \text { Point C } & & & \\\hline \text { Point D } & & & \\\hline \text { Point E } & & & \\\hline\end{array}$

Prepare basic financial statements: income statement, statement of retained earnings, and balance sheet.

Understand the fundamental principles of double-entry bookkeeping.

Recognize the steps in the accounting cycle and their importance.

Understand the classification and normal balances of different accounts.

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Definitions:

Sell

The act of giving or handing over something in exchange for money or other compensation.

Premium

An amount paid regularly to insure something or to cover the cost of a policy, also used to describe the amount paid over the nominal value of something.

Bonds

Long-term debt securities issued by corporations and government entities that pay interest to the holder.

Contract Rate

A pre-agreed interest rate applied in the calculation of payments for a specific financial contract.