Extensible Markup Language

question 10

Multiple Choice

Extensible markup language:

• A) was one of the first languages used on the internet.
• B) is a means of distributing music across the internet.
• C) categorizes websites according to their industry.
• D) converts web transactions into emails.
• E) adds additional descriptions to websites.

Develop the ability to calculate and analyze inventory turnover to assess inventory management effectiveness.

Acquire knowledge on how to compute and interpret the times interest earned ratio to evaluate a company's ability to meet its debt obligations.

Understand the significance of the Other Comprehensive Income and its components.

Learn how to perform calculations involving returns on equity and assets to evaluate a company's financial performance.

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Definitions:

Income Summary

An account in the accounting ledger that is used to summarize the revenues and expenses for a period, facilitating the transfer of net income or loss to retained earnings.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, thereby preparing the company's books for the next period.

Net Income

The net income of a business once all costs, taxes, and deductions are taken from the overall revenue.

Double Rule

A method used in accounting to underline totals for certain accounts or figures, indicating a sum or conclusion.