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

question 16

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 "taxonomy?"

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

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Definitions:

Create Path

Developing a course or direction for a project, career, or process to follow, often implying strategic planning.

Lifelong Connections

Lifelong connections refer to enduring relationships or networks that continue to provide support, opportunities, or friendship over many years.

Interview Strategy

A planned approach to conducting and navigating interviews to achieve a positive outcome, such as gaining employment or information.

Nonverbal Feedback

Communication that does not involve words but is expressed through body language, facial expressions, and other visual cues.