Which of the following statements related to XBRL is false?

a. is an XML-based language consisting of a set of tags that are used to unify the presentation of business reporting information into a single format
b. it is easily read by almost any software package, and easily searched by Web browsers
c. it provides an identifying tag for each individual item of data that is computer readable
d. it treats financial information as a block of text


D

Business

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A manufacturing business paid $3,000 to purchase inventory. As a result, assets would increase by $3,000.

Answer the following statement true (T) or false (F)

Business

?Changes in a firm's bond rating affect its ability to:

A. ?claim deductions in tax liability computation. B. ?procure raw material in sufficient quantity for manufacturing processes. C. increase the coupon rate on bonds issued to investors.? D. borrow long-term capital and the cost of such funds.? E. ?exercise a call provision on its bonds.

Business

Which of the following statements about the counterparty to a risk management derivatives contract is correct?

A) The counterparty has the same expectations about future price movements as the risk manager. B) The counterparty charges a fixed fee of $5 per contract. C) The counterparty is in all likelihood a speculator. D) All of the above are correct.

Business

A couple has three children. Assuming each child has an equal chance of being a boy or a girl, what is the probability that they have at least one girl?

a. .125 b. .5 c. .875 d. 1

Business