What Is a Class Called When the Purpose of It

question 36

Multiple Choice

What is a class called when the purpose of it is to eliminate redundant methods in other classes?

• A) concrete class
• B) abstract class
• C) subclass
• D) child class

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Definitions:

Cash Flow Statement

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

Common Stock

A type of equity security that represents ownership in a corporation and entitles the holder to a claim on part of the company's profits in the form of dividends.

Financing Activities

Transactions involving long-term liabilities, stockholder's equity, and changes in short-term loans that impact a company's capital structure.

Treasury Stock

Refers to shares that were once part of the outstanding shares and have been bought back by the issuing company.