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

question 8

Short Answer

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. Publicly traded companies 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:

Internal Drive State

An individual's internal condition or motivation that propels them towards certain actions or goals.

Goal Object

An entity or target that a person or system aims to achieve or obtain, central to motivation and action planning.

Learned Behavior

Actions or reactions acquired through experience, as opposed to being innate.