How Many Book Objects Are Created by the Following Statement

question 27

Multiple Choice

How many Book objects are created by the following statement?
Book[] books = new Book[10];

• A)10
• B)0
• C)5
• D)None of the above.

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Definitions:

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the appropriate accounting period.

Unearned Subscription Revenue

Unearned Subscription Revenue is income received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet.

Subscription Revenue

Income generated from customers paying recurrent fees for access to a product or service over a period of time.

Accounting Equation

Assets = Liabilities + Owner’s Equity.