Which of These Is a Business Reporting Language Often Used

question 51

Multiple Choice

Which of these is a business reporting language often used in recording or transmitting accounting data?

• A)XBRL
• B)XFile
• C)ABC
• D)Accounting Live

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Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from increasing the output of a good by one unit.

Private Cost

The costs directly incurred by those who are producing or consuming goods or services.

Marginal Social Benefit

The additional gain to society as a whole from an extra unit of production.

Marginal Social Cost

The cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.