Creating a Reference Type Object Typically Requires the Following Two

question 95

True/False

Creating a reference type object typically requires the following two steps, which can optionally be coded in a single program statement:
1. Declare a reference variable.
2. Create an object and associate it with the reference variable.

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Definitions:

Cash Sales

Transactions where goods or services are paid for with cash at the time of the sale, rather than on credit.

Credit Sales

Sales made on credit, where the buyer purchases goods or services but payment is delayed according to terms agreed by both parties.

Operating Revenues

Revenues generated from a company's primary business activities.

Assets

Resources owned by a business that have economic value and are expected to provide future benefit.