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The financial reporting (disclosure) system is based on the electronic data tagging language called

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Answer: eXtensible business reporting language (XBRL)

Step-by-step explanation:

The financial reporting (disclosure) system that is based on the electronic data tagging language is referred to as the eXtensible business reporting language (XBRL).

XBRL is freely available and a global framework that is used for the exchange of business information and it also allows expression of semantics which is required in reporting of business.

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