XBRL's structure is flexible, so companies can extend it when the need arises.Which of the following terms is most likely to require an extension of an existing XBRL taxonomy?
A)Asset
B)Operating cash flow
C)Both Asset and Operating cash flow will likely require an extension of an existing taxonomy.
D)Neither Asset nor Operating cash flow will likely require an extension of an existing taxonomy.

Question

Quizplus · Accepted Answer

Assets and Operating cash flow are common financial terms that are likely to be included in a standard XBRL taxonomy, so they typically would not require an extension.

XBRL's Structure Is Flexible, So Companies Can Extend It When