A Class Is an Example of a Structured Data Type

question 40

True/False

A class is an example of a structured data type.

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Definitions:

Computing Services

The provision of computational resources, such as servers, storage, databases, networking, software, analytics, and intelligence, over the Internet.

FVTOCI

Fair Value Through Other Comprehensive Income (FVTOCI) is an accounting classification for financial assets, indicating changes in fair value are reported in other comprehensive income rather than profit or loss.

FVTPL

Stands for Fair Value Through Profit or Loss, an accounting measure where financial assets and liabilities are recorded at their current market value and changes in fair value are recognized in profit or loss.

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, including all recognized income and expenses, both realized and unrealized.