When You Define a Class, If You Do Not Explicitly

question 70

Multiple Choice

When you define a class, if you do not explicitly extend another class, your class is an extension of the ____ class.

• A) Object
• B) super
• C) public
• D) abstract

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Definitions:

Fair Value

The cost that would be incurred to transfer a liability or the revenue expected from selling an asset, during a structured exchange among participants in the market, at the point of measurement.

Consolidated Financial Statements

Financial statements that integrate all assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries into one document.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets and liabilities.

Shareholders' Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership interest of shareholders.