ABC Corporation, a US Manufacturer, Files Its 10-K Annual Report

question 43

Multiple Choice

ABC Corporation, a US manufacturer, files its 10-K annual report with the SEC using XBRL.Being a US manufacturer tells ABC which ___ to use; the 10-K is a(n) ___.

• A)Taxonomy; instance document
• B)Taxonomy; specification
• C)Specification; instance document
• D)Specification; taxonomy

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Definitions:

Pocket Veto

A legislative maneuver that allows a president or governor to indirectly veto a bill by retaining it unsigned until it is too late for it to be dealt with during the legislative session.

Congress Adjourns

The formal conclusion or suspension of a legislative session, after which members of Congress leave to return at a later date or for the end of the session.

Veto Message

A statement issued by the president of the United States when vetoing a piece of legislation, outlining his reasons for doing so.

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.