XBRL Converts Unstructured Data into

question 28

Multiple Choice

XBRL converts unstructured data into

• A)Business intelligence
• B)Shadow data
• C)Metadata
• D)Structured data

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Definitions:

Cost of Goods Manufactured

The total production cost of goods completed during an accounting period, including labor, material, and overhead costs.

Income Statement

A financial statement showing the company's revenues, expenses, and profits over a specific period.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

Manufacturing Overhead

All indirect costs related to the manufacturing process, such as utilities and salaries for management, that cannot be directly traced to specific products.