XBRL:
A)Is a language that allows data extraction from financial statements
B)Is the base or core language for XML, also a metalanguage
C)Requires that financial statements be submitted in printed format
D)Is the base or core language for XML, also a metalanguage, and requires that financial statements be submitted in printed format

Question

XBRL:
A)Is a language that allows data extraction from financial statements
B)Is the base or core language for XML, also a metalanguage 
C)Requires that financial statements be submitted in printed format
D)Is the base or core language for XML, also a metalanguage, and requires that financial statements be submitted in printed format

Quizplus · Accepted Answer

XBRL is a language specifically designed for business reporting and allows data to be extracted from financial statements in a standardized format. It does not require financial statements to be submitted in printed format and while it is related to XML, it is not the base or core language for XML.