____ Can Describe Any Type of Data

question 29

Multiple Choice

____ can describe any type of data.

• A) HTML
• B) XML
• C) XLTX
• D) DOCX

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Definitions:

Statement of Comprehensive Income

A financial statement that shows all changes in equity during a period except those resulting from investments by and distributions to owners.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial position.

Non-Cash Items

Expenses charged against revenues that do not directly affect cash flow, such as depreciation.

Generally Accepted Accounting Principles (GAAP)

A framework for a common set of principles, rules, and procedures of accounting.