Which of the Following Statements Related to XBRL Is False

question 46

Multiple Choice

Which of the following statements related to XBRL is false?

• A)XBRL is being developed by a nonprofit consortium of approximately 450 major companies, organizations, and government agencies..
• B)To date world-wide implementation and acceptance of XBRL has been slow.
• C)XBRL can handle data in different languages and accounting standards as well.
• D)XBRL offers cost savings, greater efficiency, and improved accuracy and reliability to all those involved in supplying or using financial data.

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Definitions:

Adaptive Radiation

The evolution of a large number of related species from an unspecialized ancestral organism.

Kaibab Squirrels

A species of squirrel that is native to the North Rim of the Grand Canyon in the United States, known for its distinctive tufted ears.

Abert Squirrels

A species of tree squirrel named for Colonel John James Abert, noted for their distinctive ear tufts and dependence on ponderosa pine trees for habitat and food.

Prezygotic Barriers

Reproductive isolating mechanisms that occur before the fertilization of the egg, such as geographical, temporal, or behavioral differences that prevent species from mating.