Accessors Are Sometimes Called ________ Functions and Mutators Are Sometimes

question 18

Multiple Choice

Accessors are sometimes called ________ functions and mutators are sometimes called ________ functions.

• A) set, get
• B) get, set
• C) public, private
• D) private, public
• E) regular, inline

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Definitions:

Time Period Assumption

An accounting principle that suggests a business's activities can be divided into specific time periods for reporting purposes.

Fiscal Year

The one-year period an organization uses for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Revenue Recognition Principle

A fundamental accounting principle that dictates when revenue should be recognized in the financial statements, typically when it is earned and realizable.

Prepaid Expenses

Funds disbursed before receiving goods or services, documented as assets until they are utilized or consumed.