Which of the following computer languages would best support the activity of identifying the balances of the cash and cash equivalent accounts of several companies and extracting them to an electronic spreadsheet for analysis?
A) Extensible markup language (XML)
B) Extensible business reporting language (XBRL)
C) Electronic data gathering and retrieval (EDGAR)
D) Hypertext markup language (HTML)

Question

Quizplus · Accepted Answer

Extensible business reporting language (XBRL) is specifically designed for financial reporting and analysis, allowing for easy extraction and comparison of financial data. It would be the best language for identifying and analyzing cash and cash equivalent balances across multiple companies.

Which of the Following Computer Languages Would Best Support the Activity