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When Only a Reference of an Object Is Copied and Not

question 48

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When only a reference of an object is copied and not the contents of the object itself, it is called a(n) ____________.


Definitions:

Journal

An accounting record where all transactions are initially recorded using the double-entry bookkeeping system before they are transferred to accounts in the general ledger.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.

Liabilities

Financial obligations a company owes to external parties, including loans, accounts payable, and mortgages.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting the company’s total resources.

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