Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A) If a new partner invests cash in an existing partnership and a bonus is given to a new partner, the old partners' capital accounts increase.
• B) When a new partner is admitted to an existing partnership upon an investment of cash, the new partner's capital accounts may appropriately be debited for an amount other than the amount of cash invested.
• C) The partnership agreement should include steps to follow if a partner withdraws from the partnership.
• D) When a new partner is admitted to an existing partnership upon an investment of cash, the new partner's capital accounts will equal the amount of cash the new partner invested.

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Definitions:

Private Methods

Methods within a class that are accessible only by other methods of the same class.

Base Class

A class in object-oriented programming from which other classes, known as derived or child classes, inherit properties and methods.

Polymorphism

A concept in object-oriented programming that allows objects of different classes to be treated as objects of a common super class, enabling a single interface to represent different underlying forms of data.

Extends

A keyword in Java indicating that a class is inheriting from a superclass.