A Class That Is Used as a Basis for Inheritance

question 40

Multiple Choice

A class that is used as a basis for inheritance is called a(n) ____.

• A) child class
• B) extended class
• C) base class
• D) subclass

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Definitions:

Net Income

Profit of a company after all expenses and taxes have been subtracted from total revenue.

Matching Principle

An accounting principle that dictates that expenses should be recognized in the period in which the related revenues are earned, helping to ensure that financial statements are accurate.

Expenses

The outflows or using up of assets as part of operations of a business to generate revenue.

Revenue

The total amount of money generated by the sale of goods or services related to a company's primary operations during a specific period.