Use the Following Information for Questions

question 69

Multiple Choice

Use the following information for questions.
Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.
-The net income reported for the year was

• A) $34,500.
• B) $37,000.
• C) $45,000.
• D) $82,000.

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Definitions:

Relationship

In programming and databases, a connection or association between two entities such as classes or database tables.

Abstract Method

A method that is declared without an implementation in an abstract class, requiring subclasses to provide a specific implementation.

Reserved Word

A term used in programming languages that is part of the language syntax, not available for redefinition or use as an identifier.

Abstract Methods

Methods declared in an abstract class that do not have an implementation and must be overridden by subclasses.