The New Classes That We Create from Existing Classes Are

question 10

Multiple Choice

The new classes that we create from existing classes are called ____ classes.

• A) sibling
• B) base
• C) derived
• D) parent

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Definitions:

Owns

To possess or have title to a property or asset.

Subchapter S Stock

Shares of a corporation that elects to pass corporate income, losses, deductions, and credits to shareholders for federal tax purposes.

Corporate Charitable Contributions

Contributions made by a corporation to charitable organizations which are often tax-deductible.

Corporate Formation

Corporate formation refers to the legal process involved in creating a corporate entity or company, which includes filing the necessary documents with state authorities and fulfilling all legal requirements to start business operations.