A Post-Condition Is a Constraint That Must Be Met for a Method

question 7

True/False

A post-condition is a constraint that must be met for a method to execute.

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Definitions:

Enterprise Fund

A fund used by a government to account for operations financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the public on a continuing basis be financed or recovered primarily through user charges.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.

Statement of Net Position

The Statement of Net Position is a financial report that details the assets, liabilities, and net worth (equity) of an entity at a specific point in time, akin to a balance sheet in the private sector.

Noncurrent Liabilities

Long-term financial obligations a company owes that are not due for repayment within the next 12 months, such as long-term loans and bond issues.