In Connection with Spreadsheets, Rivet Software and Ez-XBRL Are Best

question 40

Multiple Choice

In connection with spreadsheets, Rivet Software and Ez-XBRL are best used for which of the following tasks?

• A)Creating XBRL instance documents.
• B)Preparing presentations on XBRL.
• C)Both creating XBRL instance documents and preparing presentations on XBRL.
• D)Neither creating XBRL instance documents nor preparing presentations on XBRL.

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Definitions:

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Exit Price

The amount one would earn from selling an asset or the cost to transfer a liability during a well-organized sale between parties in the market.

Forced Sale

A sale carried out under conditions where the seller is under pressure to dispose of an asset, often resulting in a lower sale price than under normal circumstances.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.