Which of the Following Is True About XBRL

question 35

Multiple Choice

Which of the following is true about XBRL?

• A)It is a business application of XML
• B)It uses tags such as <b> like HTML
• C)It is used by the SEC to collect and store financial information about companies
• D)all of the above are true about XBRL

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Definitions:

Host Country

The country in which a multinational corporation operates a facility outside of its home nation.

Parent Country

The country in which the headquarters of a multinational company is located.

Collectivist Nature

The tendency of cultures or organizations to prioritize the group over individual achievements or desires.

Decision-Making Processes

The series of steps or stages involved in selecting a course of action from among multiple alternatives, typically involving problem identification, analysis, and choosing an option.