Which of the Following Statements About XBRL Is False

question 128

Multiple Choice

Which of the following statements about XBRL is false?

• A)XBRL is only required for publicly traded companies.
• B)XBRL will decrease the need for manual financial information searches.
• C)The US is the first country to mandate use of XBRL.
• D)XBRL should decrease the time companies spend converting their financial information into various government-prescribed formats.

Recognize the importance of user costs in the economics of nonrenewable resource extraction.

Understand the concept of future value in relation to investment and profit planning.

Apply time-value of money analysis to evaluate investment in natural resources.

Explain the role of property rights in the conservation and extraction of resources.

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Definitions:

Speed of Processing

How quickly an individual can take in, assess, and respond to information.

Menopause

The cessation of menstruation, occurring between ages 45 and 55 and signifying the end of reproductive capacity.

Presbyopia

A condition, occurring in the mid- to late 40s, in which the lenses of the eyes no longer accommodate adequately for near vision, and reading glasses or bifocals are required for reading.

Peak Physical Health

The optimum level of bodily functioning, where an individual is at their maximum level of energy, vitality, and physical wellness.