What is needed to use XBRL?
Mapping names used in the financial reports to the taxonomy |
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Creation of an Instance document |
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A taxonomy |
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All of the above |
The correct answer is (D) All of the above
XBRL enables preparers to utilize software to tag all financial
items in their business reports to the elements within a taxonomy.
This is accomplished with an Instance Document which can be
electronically exchanged and validated between computers or viewed
in a human readable format (this is called rendering).
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