The SEC's Rule Titled "Interactive Data to Improve Financial Reporting

question 25

Multiple Choice

The SEC's rule titled "Interactive Data to Improve Financial Reporting" resulted in which of the following?

• A)XBRL International now creates yearly taxonomies for XBRL filing.
• B)Large accelerated filers must now format their financial statements using XBRL.
• C)U.S.banks must submit their quarterly "Report of Condition and Income" using XBRL.
• D)Updated the XBRL specification to the most current version.

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Definitions:

Sustainable Growth Rate

The maximum rate at which a company can grow its sales, earnings, and dividends without increasing its equity and by using internally generated funds.

Long-Term

Referring to a time period that extends beyond one year, often used in the context of investments, loans, or strategic planning.

Intermediate

A middle stage or level between basic and advanced.

Short

In finance, taking a position in which you sell a security you do not own, with the intention of buying it back at a lower price.