What Is Another Name for the Accessor Methods

question 9

Multiple Choice

What is another name for the accessor methods?

• A) Setters
• B) Getters
• C) Instances
• D) Attributes

Understand the concept and importance of a valid will and its components.

Recognize different types of trusts and their characteristics.

Identify legal formalities in the creation of wills and trusts.

Understand the process and implications of probate.

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Definitions:

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained rather than being paid out as dividends to shareholders, often reinvested in the business or used to pay off debt.

Notes Payable

A financial liability representing a written promise to pay a specific sum of money on a specified future date.

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services received.