Once an Application Is Written and Saved, the Java Class

question 39

Essay

Once an application is written and saved, the Java class must be compiled. Describe what two procedures must occur in order to view the output of the application.

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Definitions:

Liquidation

The process of winding up a company's affairs by selling its assets to pay off its debts.

Capital Deficiency

A situation where a company's liabilities exceed its assets, indicating potential insolvency or a need for additional funding.

Credit Balances

Balances in financial accounts that signify amounts owed to others, which are common in liability accounts, equity accounts, and revenue accounts.

Capital Balances

The amount of money that owners have invested in a company minus any withdrawals they have made from the company.