XBRL
A) is the basic protocol that permits communication between Internet sites.
B) controls Web browsers that access the Web.
C) is the document format used to produce Web pages.
D) was designed to provide the financial community with a standardized method for preparing
E) is a low-level encryption scheme used to secure transmissions in higher-level (HTTP) format.

Question

Quizplus · Accepted Answer

XBRL (eXtensible Business Reporting Language) was designed specifically for the financial community to provide a standardized method for preparing, publishing, and exchanging financial statements and other financial information. XBRL tags financial data enabling it to be processed by software, making it easier to analyze and compare financial data across companies or industries.