XBRL uses a ________ to help describe each key data element.
A) taxonomy
B) data dictionary
C) schema
D) terminology

Question

Quizplus · Accepted Answer

XBRL uses a taxonomy to help describe each key data element. The taxonomy is a classification system that organizes and categorizes the different elements of financial data that companies are required to report. It provides a standardized set of terms and definitions that can be used across different companies and industries, allowing for easier comparison and analysis of financial data.

XBRL Uses a ________ to Help Describe Each Key Data