Which of the Following Is Not a Superclass/subclass Relationship

question 14

Multiple Choice

Which of the following is not a superclass/subclass relationship?

• A) Employee/Hourly Employee.
• B) Vehicle/Car.
• C) Sailboat/Tugboat.
• D) None of the above.

---

Definitions:

Consolidated Revenues

The total earnings generated by a company and its subsidiaries, reported together as a single figure.

Partial Equity Method

The partial equity method is an accounting approach used when an investing company has significant influence, but not full control, over an investee, recognizing income to the extent dividends are received.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a set of guidelines and standards for financial reporting and accounting practices to ensure consistency and transparency.