ABC Corporation, a US manufacturer, files its 10-K annual report with the SEC using XBRL.Being a US manufacturer tells ABC which ___ to use; the 10-K is a(n) ___.

Question

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As a US manufacturer, ABC Corporation would use a specific XBRL taxonomy that pertains to its industry. The 10-K annual report is an instance document because it contains specific data and information about the company's financial performance over the previous fiscal year.

ABC Corporation, a US Manufacturer, Files Its 10-K Annual Report