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:

Paid-In Capital in Excess of Par

The amount received by a company from selling its shares above their par value.

Organizational Expenses

Costs incurred during the formation of a corporation or organization, such as legal fees and registration charges.

Corporate Form

A legal structure for a business recognized as a separate legal entity from its owners, offering liability protection but with specific tax obligations.

Major Policy Decisions

Key strategic decisions made by a company's management or board of directors that affect the overall direction and policies of the organization.