Which of the Following Is False

question 76

Multiple Choice

Which of the following is false

• A) A static method or property must be used to access private static instance variables.
• B) A static method has no this reference.
• C) A static method can be accessed even when no objects of its class have been instantiated.
• D) A static method can call instance methods directly.

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Definitions:

Fair Value Option

The Fair Value Option is an accounting option that allows companies to measure selected financial assets and liabilities at fair value, aiming to provide more relevant financial information.

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

Equity Method Investments

An accounting technique used to assess the profits earned through an investment in another company, incorporating these profits into the investing company's income statements.