Which of the Following Is True of the EXtensible Business

question 9

Multiple Choice

Which of the following is true of the eXtensible Business Reporting Language (XBRL) ?

• A)It reduces the transparency in a reporting process.
• B)It makes data computer-readable.
• C)It specializes only in financial reporting.
• D)It has failed to advance over electronically delivered PDFs.

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Definitions:

Shorting Index Futures

A strategy involving selling index futures contracts in anticipation of a decline in the index's value to profit from falling market prices.

Foreign Currency

The currency of another country that is required to conduct foreign trade and business transactions.

Futures Contract

A legal document that obligates parties to buy or sell a commodity at a price determined in advance, on a specified future date.

Assembly

The process of putting together various components or parts to form a finished product.