Internal Control Risks Associated with XBRL Include

question 11

Multiple Choice

Internal control risks associated with XBRL include:

• A)Compromised data.
• B)Tagging errors.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Land Sale

A transaction involving the conveyance of ownership in land from one party to another, often recorded as a capital transaction in financial statements.

Operating Income

This is the profit realized from a business's ongoing operations, calculated as the difference between operating revenues and operating expenses.

Land Account

A type of asset account on the balance sheet representing the cost of land owned by a company.