The Statement: Shows an Example Of

question 55

Multiple Choice

The statement:
Shows an example of:

• A)default arguments
• B)an illegal array declaration
• C)an illegal array initialization
• D)implicit array sizing
• E)None of these

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Definitions:

Consolidation Worksheet

A financial document used for combining the financial statements of a parent company with its subsidiaries to present as one entity.

Equity Method

An accounting method used to assess the profits earned by investments in other companies by recording income equivalent to the investor's share of the investee's profits.

Cumulative Translation Adjustment

An entry in the comprehensive income section of a company's balance sheet that represents the aggregate effect of exchange rate changes on the translation of foreign subsidiaries' financial statements.

Current Rate Method

A method of foreign currency translation where all financial statement items are translated at the current exchange rate.