Assume the Class BankAccount Has Been Created, and the Following

question 7

Multiple Choice

Assume the class BankAccount has been created, and the following statement correctly creates an instance of the class: BankAccount account = new BankAccount(5000.0) ;
What is true about the following statement?
System.out.println(account) ;

• A) A runtime error will occur.
• B) The method will display unreadable binary data on the screen.
• C) The account object's toString method will be implicitly called.
• D) A compiler error will occur.

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Definitions:

Share Capital

The funds that a company receives from selling its shares to investors; also known as equity capital.

Goodwill Impairment Testing

A financial exercise to determine if the goodwill of an acquired company has decreased in value, indicating that the company may have overpaid for the acquisition.

ASPE

Accounting Standards for Private Enterprises, a set of accounting practices and standards for private companies in Canada.

Consolidated Statement

Financial reports consolidating the assets, liabilities, and income of a parent organization along with its subsidiary companies, showing them as a single entity.