XBRL

question 32

Multiple Choice

XBRL

• A) is the basic protocol that permits communication between Internet sites.
• B) controls Web browsers that access the Web.
• C) is the document format used to produce Web pages.
• D) was designed to provide the financial community with a standardized method for preparing
• E) is a low-level encryption scheme used to secure transmissions in higher-level (HTTP) format.

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Definitions:

Straight Line Amortization

A technique for distributing the expense of an intangible asset consistently throughout its lifespan.

Equity Method

An accounting technique used to record an investor’s proportional share of an associate company’s profits or losses on its financial statements.

Fair Value Enterprise Method

An approach to valuing a business by estimating the present value of foreseeable future earnings and the net asset value.

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not have full control.