When More Than One Class Is Derived from a Base

question 12

Multiple Choice

When more than one class is derived from a base class, the situation is called

• A) polymorphism.
• B) population.
• C) multiplicity.
• D) encapsulation.
• E) None of the above

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Definitions:

Classified Balance Sheet

A financial statement that groups a company's assets, liabilities, and equity into categorized sections for clearer analysis.

Permanent Accounts

Accounts that carry their balances over into the next accounting period, typically representing the asset, liability, and equity accounts.

Stockholders' Equity

The remaining value of a company's assets after all its debts have been paid, commonly known as shareholders' equity.

Prepayments

Payments made in advance for goods or services that will be received in the future, often recorded as assets on a balance sheet.