Consider the Following Code Snippet: Which of the Following

question 29

Multiple Choice

Consider the following code snippet: Which of the following statements is true?

• A)LARGE_CHANGE and SMALL_CHANGE are instance variables.
• B)LARGE_CHANGE and SMALL_CHANGE are automatically public static final.
• C)LARGE_CHANGE and SMALL_CHANGE must be defined with the keywords private static final.
• D)LARGE_CHANGE and SMALL_CHANGE must be defined with the keywords public static final.

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Definitions:

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, resulting in the distribution of assets to creditors and discharge of debts.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's receivables that may ultimately not be collected.

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal.

Write Off

The process of recognizing that a portion of a company's assets has become worthless and expensing them to the income statement.