Concerning XBRL,which of the Following Statements Is Not True

question 74

Multiple Choice

Concerning XBRL,which of the following statements is not true?

• A)XBRL is a variant of XML.
• B)XBRL is specifically designed for use in communicating the content of financial data.
• C)XBRL creates unique tags for each data item.
• D)XBRL's adoption means accountants and systems professionals must know how to write XBRL code to take advantage of its benefits.

Analyze the implications of different goodwill methods (full vs partial) on NCI.

Evaluate the effects of intra-group transactions on NCI and consolidation adjustments.

Interpret the impact of dividends paid by subsidiaries on NCI and parent equity.

Demonstrate understanding of the calculation and adjustment of NCI share at the acquisition date.

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Definitions:

Response Category

Preset answers or categories provided for a question in surveys or questionnaires, guiding respondents in their answers.

Probabilistic Generalization

The process of drawing broad conclusions based on the likelihood or probability derived from specific instances.

Logical Strength

The degree to which the premises of an argument support its conclusion, often determining its persuasiveness or validity.