Which of the Following Encompasses an Object's Properties and the Values

question 202

Multiple Choice

Which of the following encompasses an object's properties and the values those properties have?

• A) Behavior
• B) Class
• C) State
• D) Encapsulation
• E) Incorporation

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Definitions:

Straight-Line Method

A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.

Discount Amortized

Discount amortized refers to the gradual reduction or write-off of the discount on bonds payable over the life of the bond, thus increasing the bond's carrying value on the balance sheet over time.

Interest Payable

The amount of interest that a borrower owes to a lender at a specific point in time but has not yet paid.

Contract Rate

The interest rate specified in a contract, such as a loan agreement or bond indenture.