Wrong Corp

question 88

Short Answer

Wrong Corp.receives a $7,000, 6-month, 4% note from Right Corp.in settlement of a past-due account receivable.What entry will Day Corp.make upon receiving the note?

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Definitions:

Superclass

A class from which other classes inherit methods and variables; also known as the parent class.

Public Method

A function defined in a class that can be accessed from any other class.

Superclass

In object-oriented programming, the class from which other classes inherit features such as properties and methods.

Parameters

Parameters are variables listed as a part of the function definition, used to receive information from a function call.