Which Country Does Not Use XBRL for Financial Reporting

question 59

Multiple Choice

Which country does not use XBRL for financial reporting?

• A)Israel
• B)Luxembourg
• C)Spain
• D)Peru

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Definitions:

Marked Up

Refers to an increase in the selling price of goods or services, typically to create a profit margin above the cost.

Operating Expenses

Costs that a business incurs through its normal business operations, such as wages, rent, and utilities.

Wholesaler

A person or company that sells goods in large quantities at low prices, typically to retailers.

Retailer

A business that sells goods or services directly to consumers.