Static Variables That Are Constants Are Usually Declared to Be

question 15

True/False

static variables that are constants are usually declared to be public because they typically are provided to allow the client to set preferences for the operations of a class. If you define a static variable for your class that is not a constant, it is best to define it as private and provide accessor and mutator methods, as appropriate, for client access to the static variable.

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Definitions:

Post-closing Trial Balance

A list of all accounts and their balances after the closing entries are made, used to check the accuracy of closing entries and prepare for the next accounting period.

Retained Earnings

The cumulative amount of net income earned by a company that is retained and not distributed to shareholders as dividends.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Net Income

The remaining earnings of a corporation after deducting all operating costs and tax obligations from its revenue.