All of the Following Are True About XBRL Tags Except

question 34

Multiple Choice

All of the following are true about XBRL tags except:

• A)Tags are "extensible"
• B)Tags describe the data
• C)Tags tell how to display data
• D)Tags are now permanently standardized across industries

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Definitions:

Direct Method

An approach to preparing the cash flow statement where actual cash flows from operating activities are listed.

Support Departments

Units within an organization that provide services or support to the operational departments, but do not directly contribute to the production of goods or services.

Cafeteria Department Costs

The expenses associated with operating a cafeteria within an organization, including food supplies, labor, and equipment.

Reciprocal Services Method

An approach used in cost accounting to allocate costs between departments that provide services to each other.