Which of the Following Statements Is True of Web-Based Electronic

question 23

Multiple Choice

Which of the following statements is true of Web-based electronic data interchange (Open EDI) ?

• A) It reduces the cost of transmitting documents.
• B) It has a disadvantage of being platform dependent.
• C) It consists of international agreements on privacy protection and data security.
• D) It provides more secure data transmission than traditional EDI.

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Definitions:

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations and external investment sources.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded by the end of the accounting period.

Adjusting Entry

An accounting entry made at the end of an accounting period to record earnings or expenses that have occurred but are not yet entered in the accounts.