_________________ Occurs When the Objects in a Class Inherit Attributes

question 13

Short Answer

_________________ occurs when the objects in a class inherit attributes and services form multiple classes.

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Definitions:

Geographic Segment

A part of a business that operates in a specific geographical area that is significant enough to require separate financial reporting.

U.S. GAAP

Short for United States Generally Accepted Accounting Principles, it represents the framework and specific rules for financial accounting and reporting in the U.S.

Gross Profit

The difference between revenue and the cost of goods sold, representing the amount before operating expenses, interest, and taxes are deducted.

LIFO Method

The Last In, First Out method for inventory valuation where the most recently produced or purchased items are the first to be expensed.