XBRL Comprises Several ___, Often Based on Industry Groups

question 50

Multiple Choice

XBRL comprises several ___, often based on industry groups.

• A) Specifications.
• B) Instance documents.
• C) Namespaces.
• D) Taxonomies.

Analyze the reasons and outcomes of government policies like rent controls, minimum wage laws, and usury laws.

Understand the relationship between quantity supplied/demanded and price movements.

Understand the concept and importance of residual claims in the context of stockholders' rights.

Comprehend the significance and accounting treatment of retained earnings within a corporation.

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Definitions:

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Wheat Futures

Financial contracts obligating the buyer to purchase wheat, and the seller to sell wheat, at a predetermined future date and price.

S&P 500 Index Futures

Agreements that enable investors to forecast and protect against fluctuations in the market by speculating on the future worth of the S&P 500 index.

Long Position

Holding an asset with the expectation that its value will increase over time, intending to sell it at a higher price.