Public Class CostArray

question 12

Essay

public class CostArray
{
    public static void main(String[] args)
    {
       double[] costs = new double[3];
       costs[0] = 5.00;
       costs[1] = 7.00;
       costs[2] = 9.00;
       System.out.println(costs[3]);
    }
}
Once the above code is compiled and executed, an error message is generated. Explain the error message that will result and explain the reason for the error.

Understand the concept of faithful representation in accounting.

Recognize the difference between accounting rules for financial reporting and taxation in the United States.

Identify the bodies responsible for setting generally accepted accounting principles (GAAP) and their role.

Describe the principle of conservatism in accounting.

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Definitions:

Symbolic Play

A type of play in which children use objects, actions, or ideas to represent other objects, actions, or ideas, as a form of learning and communication.

Settings

The place or type of surroundings where something is positioned or where an event takes place.

Board Game

A tabletop game that involves counters or pieces moved across a pre-marked surface according to a set of rules, often based on strategy or chance.

Formal Games

Structured forms of play governed by a set of rules, often competitive and with a clear objective or goal.