An income statement is an example of an XBRL instance document.

Question

Quizplus · Accepted Answer

An income statement is a financial report that represents the revenues, expenses, and net income generated by a company during a specific period. It can be created using the XBRL (eXtensible Business Reporting Language) format, which allows for standardized tagging of financial data, making it easier to analyze and compare financial statements across different companies. Therefore, an income statement can be an example of an XBRL instance document.

An Income Statement Is an Example of an XBRL Instance