Which Statement Is False

question 11

Multiple Choice

Which statement is false?

• A) SortedSet extends Set.
• B) Class SortedSet implements TreeSet.
• C) When a HashSet is constructed, it removes any duplicates in the Collection.
• D) By definition, a Set object does not contain any duplicates.

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Definitions:

End-of-Period Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts and ensure revenues and expenses are recorded in the appropriate period.

Interest Revenue

Income earned from lending investments or extending credit, typically expressed in monetary terms.

Percent of Sales Method

A financial forecasting method that estimates various income statement and balance sheet lines as a percentage of projected sales.

Bad Debts Expense

The cost associated with accounts receivable that are not expected to be collected.