Consider the following code snippet, where the array lists contain elements that are stored in ascending order:

ArrayList list1 = new ArrayList();
ArrayList list2 = new ArrayList();. . .

int count = 0;
for (int i = 0; i < list1.size() && i < list2.size(); i++)
{
if (list1.get(i) == list2.get(i))
{
count++;
}
}

Which one of the following descriptions is correct for the given code snippet?

Answer: The code snippet compares the values of two array lists and stores the count of total matches found.