Consider the Table Below as You Answer the Questions

question 35

Multiple Choice

Consider the table below as you answer the questions: The data in the table were part of Microsoft's filings with the SEC.Which of the following statements is most true?

• A)All publicly traded firms must use the Global Ledger Taxonomy for SEC filings.
• B)All publicly traded firms must use XBRL for SEC filings.
• C)Firms that are not publicly traded cannot use XBRL.
• D)Companies that use the International Financial Reporting Standards cannot use XBRL.

---

Definitions:

Clinical Trial

A research study that tests how well new medical approaches work in people.

Usual Circumstances

The typical or normal conditions or situations in which something is done or occurs.

Cost-benefit Ratio

An analysis that compares the costs and benefits of an intervention or action, typically expressed as a ratio or a net value.

Beneficial Result

A positive, advantageous, or desirable outcome that arises from a particular action or set of circumstances.