Extensible Markup Language Is an Open-Standards Way of Supporting Interoperability

question 54

True/False

Extensible Markup Language is an open-standards way of supporting interoperability.

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Definitions:

Disclosure

The provision of financial and other significant information about a company to its stakeholders, typically through financial statements and notes, to facilitate informed decision-making.

Subsidiary

A company that is controlled by another company, typically referred to as the parent company.

Intragroup Transaction

Financial transactions that occur between two entities within the same group, not affecting the financial position of the group as a whole when consolidated.

NCI Adjustment

An adjustment in consolidated financial statements to reflect the share of equity interest that is not owned by the parent company's shareholders.