The Text Identifies Five Terms That Are Important Foundations for Understanding

question 36

Essay

The text identifies five terms that are important foundations for understanding XBRL. Which term is indicated by each item below?

a. Allows users to create new tags.

b. Internet "home" of XBRL tag definitions.

c. Set of tags used by many organizations.

d. Tagged information companies send to the SEC.

e. XBRL is a subset of XML.

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Definitions:

Ending Inventory

The total value of all unsold goods remaining at the end of an accounting period.

Finished Goods Inventory

The stock of completed products ready for sale but not yet sold, held by a manufacturing company.

Budgeted Production

The planned volume of goods a company aims to manufacture over a certain period, often used for planning and control purposes.

Raw Materials Inventory

The total cost of all the raw materials that are used in production but have not yet been processed into finished goods.