When Class B Inherits from Class A

question 27

Multiple Choice

When class B inherits from class A:

• A) A is the superclass and B is the subclass.
• B) A is the subclass and B is the superclass.

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged in an arm's length transaction.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing the premium paid for the company's reputation, customer base, or brand identity.