XBRL: a. Is an XML-based language b. Can be read by almost any software package and easily searched by Web browsers c. All of th

Question

3 years ago

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XBRL: a. Is an XML-based language b. Can be read by almost any software package and easily searched by Web browsers c. All of th

ese choices are correct d. Consists of a set of tags that are used to unify the presentation of BR information into a single format

Computers and Technology

1 answer:

Tema [17] · Answer 1 · 2022-04-05T16:52:12+03:00

Answer:

c. All of these choices are correct

Explanation:

XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business information which uses XML-based data tags to describe financial statements for both public and private companies. It is a normalized version of XML. It leverages efficiencies of the Internet as today’s primary source of financial information by making Web browser searches more accurate and relevant.

Therefore, options a, b and d can be identified in the above definition of XBRL. Therefore,all the choices are correct.