XBRL Stands for

question 71

Multiple Choice

XBRL stands for

• A) extensible business reporting language.
• B) extreme business reporting ledgers.
• C) external business reporting language.
• D) extensive business report logic.

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Definitions:

Fixed Assets

Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, representing wear and tear, deterioration, or obsolescence.

Operating Cash Flow

Operating cash flow refers to the cash generated from the normal operating activities of a business within a specific time period.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted into cash in the upcoming year.