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To create object classes, you should apply a function known as an object constructor that defines the properties and methods associated with the object type.
Wages and Salaries
Wages and Salaries refer to the regular compensation paid to employees for their labor or services in executing their job responsibilities.
Note Payable
A financial obligation or loan evidenced by a promissory note, which requires the borrower to pay back the amount borrowed plus interest.
Incremental Borrowing Rate
The Incremental Borrowing Rate is the interest rate a company would have to pay if it borrows funds, used in lease accounting to measure lease liabilities.
Equipment
Tangible property owned by a business that is used in its operations to generate income.
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