Which of the Following Statements Is Not True Regarding XBRL

question 22

Multiple Choice

Which of the following statements is not true regarding XBRL?

• A)XBRL is a variant of XML.
• B)XBRL is specifically designed for use in communicating the content of financial data.
• C)XBRL creates unique tags for each data item.
• D)XBRL's adoption will require accountants and systems professionals tag data for their clients.

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Definitions:

An American Dilemma

A seminal study by Gunnar Myrdal published in 1944 that examined the contradictions between the American ideals of democracy and the treatment of African Americans.

Gunnar Myrdal

A Swedish economist and sociologist, best known for his seminal work "An American Dilemma" (1944), in which he examined the issue of race and class in the United States.

Racial Discrimination

Differential treatment of individuals on the basis of their race, which can affect employment, housing, access to education, and treatment by law enforcement.