XBRL Can Best Be Described as a

question 63

Multiple Choice

XBRL can best be described as a

• A)new set of auditing standards.
• B)new set of accounting standards.
• C)new set of ethical standards.
• D)a tagging system for financial statement data.

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Definitions:

Region of Rejection

The range of values in a statistical test that leads to the rejection of the null hypothesis, indicating a statistically significant result.

Statistic

A single measure, reported as a number, used to summarize a set of data.

Null Hypothesis

The hypothesis that there is no significant difference or effect, typically the hypothesis a researcher tries to disprove.

Distribution

Describes how the values of a variable are spread or distributed across different categories or intervals.