Extensible Business Reporting Language (XBRL)

question 66

Multiple Choice

Extensible Business Reporting Language (XBRL)

• A)is limited to the manual comparison of data reported in the SEC 10K report.
• B)is expected to complete the development of its system of "tags" for all U.S.GAAP in 10 years.
• C)enables recognition and extraction of items of information for various analytical purposes
• D)has been applied extensively by financial analysts for over 30 years

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Definitions:

Income

Funds regularly amassed from labor or capital invested.

APS

The abbreviation for "Aggregate Planning Strategy," a process in operations management to balance production and demand over a medium-term horizon; or it could refer to "Automatic Payment System," depending on context.

Income

The financial gain earned by an individual or business, typically measured on an annual basis, coming from work, investments, or other sources.

APC

Average Propensity to Consume, which is the fraction of income that a person or economy spends rather than saving.