The tool that defines and describes each key data element (e.g. ,total assets,accounts,payable,net income,etc. )in XBRL is called _____:
A)XBRL specification.
B)XBRL taxonomy.
C)XBRL style sheet.
D)XBRL instance document.

Question

Quizplus · Accepted Answer

XBRL taxonomy is the tool that defines and describes each key data element. The XBRL specification is a set of technical guidelines for creating XBRL documents, XBRL style sheet is used to render XBRL instance documents in a human-readable form, and XBRL instance document is the actual document containing XBRL-tagged data.

The Tool That Defines and Describes Each Key Data Element