The Child Axis Returns XElements from the Set of Nodes

question 32

Multiple Choice

The child axis returns XElements from the set of nodes which are _______ the current node.

• A)lower in the hierarchy than
• B)direct children of
• C)Both (a)and (b).
• D)None of the above.

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Definitions:

Expense Accounts

Accounts used to record the consumption of economic benefits during the operational activities of a business.

Asset Accounts

Asset Accounts are financial ledger accounts that report the value of tangible and intangible items owned by an entity, such as cash, inventory, and equipment.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid, regardless of when the transaction occurred.

Financial Statements

Papers presenting a snapshot of a firm's financial health, which include the balance sheet, income statement, and cash flow statement.