Which of the Methods Below Are Static Methods

question 19

Multiple Choice

Which of the methods below are static methods?
I.length
II.substring
III.pow
IV.sqrt

• A)All the methods are static
• B)Only I, II and III
• C)Only II and IV
• D)Only III and IV

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Definitions:

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any costs of completion, disposal, and transportation.

Allowance for Doubtful Accounts

This is a contra account that reduces accounts receivable to reflect the estimated amount of debts that may not be collected.

Accounts Receivable

Financial obligations of customers to a firm for delivered or utilized goods or services that remain unpaid.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.