XBRL's Global Ledger Taxonomy Can Be Used for Transaction Processing

question 46

Multiple Choice

XBRL's global ledger taxonomy can be used for transaction processing, while the US financial reporting taxonomy is focused on output reports.Which of the following XBRL tags would you expect to find as part of the US financial reporting taxonomy?

• A)<documentType>invoice</documentType>
• B)<totalAssets>10000</totalAssets>
• C)Both <documentType>invoice</documentType> and <totalAssets>10000</totalAssets>
• D)Neither <documentType>invoice</documentType> nor <totalAssets>10000</totalAssets>

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Definitions:

Investments

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Single Index Model

A simplified financial model that describes the return of a security as a linear function of the return of a single market index, plus some random noise.

Portfolio

A diverse collection of investments held by an individual or institution, including stocks, bonds, real estate, or other financial assets, designed to reduce risk and achieve specific financial goals.

Beta

A measure of the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole.