XBRL Allows Semantics to Be Embedded Within Strings of Financial

question 19

Multiple Choice

XBRL allows semantics to be embedded within strings of financial data.This does not mean:

• A)It is easier to build a database for accounting information systems
• B)More in-depth analysis can be conducted by users or recipients of the data
• C)Embedded tags that identify where separate pieces of data start and end within strings of data is inserted
• D)It is easier to exchange financial data.

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Definitions:

Net Capital Outflow

The difference between a nation's total investments outside the country and foreign investments within the country over a certain period.

Foreign-Currency Exchange

The act of changing one country's currency into another's for trade, travel, or investment purposes.

Budget Deficit

The financial situation where an entity's expenses exceed its revenues over a specified period, leading to borrowing or debt.

Budget Surplus

An excess of tax revenue over government spending