XBRL's Global Ledger Taxonomy Can Be Used for Transaction Processing

question 41

Multiple Choice

XBRL's global ledger taxonomy can be used for transaction processing, while the US financial reporting taxonomy is focused on output reports. Which of the following XBRL tags would you expect to find as part of the US financial reporting taxonomy?

• A)<documentType>invoice</documentType>
• B)<totalAssets>10000</totalAssets>
• C)Both A and B
• D)Neither A nor B

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Definitions:

Hypotheses

Proposed explanations or predictions for a phenomenon, formulated to be tested through scientific research.

Friedman Test

A non-parametric statistical test used to detect differences in treatments across multiple test attempts.

Randomized Block Design

An experimental design in which subjects are divided into blocks based on certain characteristics before being randomly assigned to treatments, minimizing the variability within blocks.

Analysis Of Variance

A statistical method used to determine the existence of differences among group means in a sample.