Which of the Following Statements Is Not True About an XBRL

question 29

Multiple Choice

Which of the following statements is not true about an XBRL instance document?

• A)An instance document includes instruction code as to how the document should be physically arranged and displayed.
• B)An instance document contains facts about specific financial statement line items.
• C)An instance document uses separate tags for each specific element.
• D)An instance document can be used to tag financial and nonfinancial elements.

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Definitions:

Consensus

General agreement among a group or the collective opinion, judgment, or position of a majority of members within a specific context.

Frequency

In the context of statistics and research, frequency refers to the number of times an event or value occurs within a given dataset or period.

Stereotype

is a widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Primacy Effect

The tendency to remember information that is presented first better than information that is presented later.