Which of the Following Terms Describes the Relationship Between XBRL

question 56

Multiple Choice

Which of the following terms describes the relationship between XBRL and XML?

• A)Extensible
• B)Specification
• C)Taxonomy
• D)Instance document

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Definitions:

Shareholder

An individual or entity that owns shares in a corporation, thus holding a portion of the company's equity and possibly influencing its governance.

State Charter

A legal document granting a municipality the authority to operate in certain ways, essentially the municipal version of a constitution.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government or in two different countries.

Corporate Income

The total income or earnings generated by a corporation, before deductions such as expenses, taxes, and interest.