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:

Rigidity

The quality of being unable to bend or be forced out of shape; applied to organizations, it often refers to the inflexibility in rules, procedures, and management.

Flexibility

The capacity to adapt to new, different, or changing requirements and conditions.

Tactical Planning

Short-term, detailed planning that focuses on achieving specific goals or objectives within a limited timeframe.

Mitigation Planning

A strategic approach to lessen the severity and impact of potential risks and disasters on a project or organization.