Objects Are Created from Abstract Data Types That Encapsulate ________

question 24

Multiple Choice

Objects are created from abstract data types that encapsulate ________ and ________ together.

• A)numbers, characters
• B)data, functions
• C)addresses, pointers
• D)integers, floats
• E)None of these

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Definitions:

Finance Lease Classification

The categorization of a lease as a finance lease, indicating that substantially all risks and rewards of ownership are transferred to the lessee.

Implicit Interest Rate

The interest rate implied in the lease payments of a leasing agreement, used in lease accounting to determine lease liabilities and right-of-use assets.

Residual Guarantee

A guarantee made by the seller to the buyer that the value of an asset will at least be equal to a specified amount at the end of a lease term.

Lease Payment

Regular payments made by a lessee to a lessor for the use of an asset for a specified period as outlined in a lease agreement.