The Goal of Using XBRL in Compliance Reporting Is to ________

question 68

Multiple Choice

The goal of using XBRL in compliance reporting is to ________.

• A)identify events that fall outside accepted ranges
• B)develop a common language for financial reporting
• C)create streamlined, manual workflows
• D)encourage diversity in reporting practices

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including both interest payments and the gain or loss realized on the principal amount.

Market Price

The current exchange rate for a service or asset in the open market.

Zero-Coupon Bonds

Bonds that do not pay periodic interest and are sold at a discount from their face value, with the full face value being repaid at maturity.

Yield To Maturity

The total return anticipated on a bond if it is held until the date of its maturity, expressed as an annual rate.