Which of the Following Is Correct

question 56

Multiple Choice

Which of the following is correct?

• A)There are different ways to apply XBRL tags.
• B)There is a debate in the accounting information systems community as to where to tag data.
• C)There are two main ways to apply XBRL tags.
• D)Whichever way we choose to apply XBRL tags will not affect core processes and data quality.

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Definitions:

Material Terms

Essential conditions or clauses within a contract that significantly affect the performance obligations, the breach of which would substantially change the agreement's outcome.

Damages

Monetary compensation that a party is ordered to pay to another for harm or injury.

Negotiable Instrument

A written promise to pay a specified sum of money, payable either on demand or at a specific future date, with the document listing the name of the person who will make the payment.

Unconditional Promise

A commitment or guarantee without any stipulations or requirements that the promisor must fulfill.