Which of the Following Statements Is Correct

question 32

Multiple Choice

Which of the following statements is correct?

• A)XML is a content language
• B)HTML is a content language and XML is a tagging language
• C)XML has predefined tags that control how content appears when displayed on a computer screen
• D)None of the options are correct

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Definitions:

Direct Method

A cash flow statement preparation approach that lists major cash receipts and payments during the period.

Bad Debts Recovered

Previously written off debts that have unexpectedly been collected.

Allowance Method

An accounting technique used to estimate and account for bad debts, allowing companies to anticipate uncollectible accounts receivables.

Bad Debts Expense

An expense account reflecting the value of sales that were made on credit and are unlikely to be collected.