An Instance Document

question 97

Multiple Choice

An instance document:

• A) is an XBRL document that contains all information, at a given point in time, including tags, about the occurrence of an item
• B) is a feature of a relational database
• C) is used to comply with SOX Section 409 regarding rapid disclosure of material changes
• D) summarizes instances of GAAP and IFRS reporting differences

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Definitions:

Undisclosed Principal

A situation in a contract where the existence and identity of one party are not revealed to the other party.

Liability

Legal responsibility for one's actions or omissions, which may result in being obligated to offer compensation for harm caused.

Incompetent

Lacking the necessary ability, knowledge, or fitness to perform a legally designated responsibility or action effectively.

Undisclosed Principal

An undisclosed principal is a party in a contractual agreement who remains unknown to the other party or parties involved.