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Case 11-1
Ryan is new to the use of XML, so he has a lot of basic questions about the fundamentals, including some philosophical questions about the language.
-You tell Ryan that XML can be used to create XML vocabularies, which are markup languages tailored to contain specific pieces of information.Which of the following is NOT an example of a standard XML vocabulary?
Gross Accounts Receivable
The total amount owed to a company by its customers for goods or services delivered on credit before any deductions for returns or bad debts.
Bad Debts Expense
The cost associated with accounts receivable that are not expected to be collected.
Contra Asset
An asset account where its balance is opposite of the normal balance, used to offset the balance of a related account, such as allowance for doubtful accounts offsetting accounts receivable.
Expense
An outflow of money to another person or company to pay for an item or service, or for a cost required to operate a business.
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