An Accountant at RDR Corporation, an Investment Management Firm, Was

question 29

Multiple Choice

An accountant at RDR Corporation, an investment management firm, was using XBRL to prepare the company's income statement for transmission to the SEC. The accountant had to create a tag for an account unique to RDR's accounting information system, which she then defined in an appropriate location on RDR's web site.
-Which of the following phrases from the RDR scenario is most closely associated with the term "specification?"

• A) Investment management firm.
• B) XBRL.
• C) Create a tag.
• D) RDR's web site.

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Definitions:

Service Firms

Companies that provide intangible products or services to customers rather than physical goods.

Intangible Costs

Costs that are not directly measurable or quantifiable, such as brand value, reputation, or employee morale.

Entry-Level Training

Training designed for individuals who are new to a particular field or occupation, focusing on the basic skills and knowledge needed to begin performing their job role.