Flows in a network can only be in one direction
Indicate whether this statement is true or false.
Answer: FALSE
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XBRL does all of the following except:
A. Serves as a universal standard for financial reporting information in the individual investor community. B. Enhances speed and accuracy of business reporting. C. Facilitates business reporting of financial and nonfinancial data. D. Provides major benefits in the preparation, analysis and communication of business information.
Jones Enterprises purchased a bond on August 31 of the current year for $250,000 and classified the investment as an available-for-sale debt. The market value of the available-for-sale debt investment at year-end is $255,000. The adjustment is ________.
A) subtracted from the Available-for-Sale Debt Investments account to arrive at the amount reported on the balance sheet B) recorded as a debit to Fair Value Adjustment - Available-for-Sale C) recorded as a debit to Unrealized Holding Gain - Available-for-Sale D) reported as a $5,000 unrealized holding gain in the income statement
Which of the following were designed to allow users to alert their friends of their exact whereabouts via their mobile phones?
A) virtual worlds B) geospatial platforms C) product review sites D) social networking sites E) avatars
States have powers to enact regulations if Congress has not preempted state regulation by enacting legislation within its constitutional powers
Indicate whether the statement is true or false