Which of the Following Statements Best Describes the Frequency of When

question 14

Multiple Choice

Which of the following statements best describes the frequency of when financial statements are issued?

• A)financial statements should only be issued at the end of the year.
• B)financial statements should only be issued quarterly.
• C)financial can be issued anytime during the year.
• D)none of the above.

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Definitions:

Portability

The ease with which software, data, or services can be transferred and utilized on different hardware platforms, operating systems, or software applications.

Reusability

In object-oriented analysis, the ability to reuse existing classes from one project for another project.

Inheritance

A feature of object-oriented programming languages where a class can derive properties and methods from another class.

Method

The process of how a program converts inputs into the correct outputs.