Given the Following Diagram Showing Class Relationships: What Type

question 42

Multiple Choice

Given the following diagram showing class relationships: What type of relationship is shown between Invoice and Address?

• A)Address inherits from Invoice.
• B)Invoice aggregates Address.
• C)Address aggregates Invoice.
• D)Invoice inherits from Address.

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Definitions:

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects such as products, services, or departments.

LIFO Conformity Rule

A U.S. tax regulation requiring companies that apply the last-in, first-out (LIFO) inventory costing method for tax reporting to also use it for financial reporting.

Costing Methods

Techniques used to determine the cost of a product or service, such as job costing, process costing, and activity-based costing.

Full Disclosure Principle

An accounting principle requiring that financial statements present all relevant information about the business's financial condition and performance.