Which of the following statements about XBRL is most true?
A) Because it is extensible, companies can create new specifications that reside in an Internet namespace.
B) Because it is organized in taxonomies, it is extensible.
C) Because it is extensible, companies can create tags that are used in instance documents, as long as they are defined in a namespace.
D) All of these statements are true.
Correct Answer:
Verified
Q1: The text discussed five terms related to
Q2: Examples of XBRL instance documents include:
A)Statement of
Q4: XBRL's global ledger taxonomy can be used
Q5: XBRL is structured into taxonomies which reside
Q6: XBRL's structure is flexible, so companies can
Q7: With respect to XBRL, Global Ledger and
Q8: Most accounting information systems comprise five generic
Q9: XBRL's global ledger taxonomy can be used
Q10: XBRL provides _ for a company's financial
Q11: ABC Corporation, a US manufacturer, files its
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