Corporate Regulators Worldwide Are

question 10

Multiple Choice

Corporate regulators worldwide are:

• A)currently assessing whether to accept XBRL
• B)waiting to see if the SEC in the United States will allow XBRL
• C)gradually moving towards mandating XBRL for corporate filings and reporting
• D)none of the options are correct

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Definitions:

Operating Activities

Cash flows related to the day-to-day functioning of a business, such as selling products or services, which are included in the first section of the cash flow statement.

Merchandiser

A business or person who promotes, buys, sells, or distributes goods and commodities for resale.

Income Statement

A report that outlines a business's financial results, including income, expenses, and net profit or loss, for a designated accounting period.

Peripheral Activity

Refers to operations or actions that are not central to the primary business functions but may still generate revenue or incur costs.