Explain why the SEC requires that filers use XBRL.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Information Technology for Management Digital Strategies for Insight Action and Sustainable Performa

ISBN: 978-1118994290

10th edition

Authors: Efraim Turban, Carol Pollard, Gregory Wood

See More Books

Question Posted: Dec 11, 2018 07:07 AM

See More Questions

Explain why the SEC ruled that BDO Seidmans independence was jeopardized by the lawsuits that named the accounting firm, Leslie Fay, and top executives of Leslie Fay as codefendants.
The Securities and Exchange Commission (SEC) requires specific disclosures about executive compensation for public companies. The following Web pages contain information about SEC executive...
Exhibit 5-5 presents the reconciliation disclosures made by the Swiss company Novartis.As discussed in the chapter, the U.S. SEC requires foreign listed firms to present reconciliation information...
Under which of the following circumstances would an auditor be most likely to intensify an challenging examination of a $500 imprest petty cash fund a. Reimbursement occurs twice each week. b. The...
Baggage on the floor of the baggage car of a high-speed train is not prevented from moving other than by friction. The train is travelling down a 5 percent grade when it decreases its speed at a...
Consider a European call option on a non-dividend-paying stock where the stock price is $52, the strike price $50, the risk-free rate is 5%, the volatility is 30%, and the time to maturity is one...
The 2014-T6 aluminum column is $3 \mathrm{~m}$ long and has the cross section shown. If the column is pinned at both ends and braced against the weak axis at its mid height, determine the allowable...
The adjustments columns of the worksheet for Toeaina Company are shown below.Instructions(a) Prepare the adjusting entries.(b) Assuming the adjusted trial balance amount for each account is normal,...
Jacob Co. sells merchandise on account to Isaiah Co. for $11,200. The invoice is dated on May 1 with terms of 2/15, net 45. What is the discount, and up to what date must the invoice be paid in order...
In this problem, you will process the November and December monthly payrolls for Warner Merchandising Co. You will perform the operating procedures necessary to add new employees, make changes to...
Push-through ads use data about the person to determine whether the ad should appear. What marketing opportunities does this capability create?
What are the three categories of inventory costs?
Calculate the fraction of atom sites that are vacant for lead at its melting temperature of 327C (600 K). Assume an energy for vacancy formation of 0.55 eV/atom.
1. What is the potential difference between the poles of a 9 volt battery? 2. The potential at a distance of 25 cm from a point charge is - 6.4 x 104 V a) What is the sign and magnitude of the point...
A project requires certain investment X today. It's profitability index is 1.111. The project is evaluated based on the firm's 12% cost of capital. Year 1 this project will generate cash inflow of...
Genetics Engineering is considering the purchase of some new equipment that will cost $300,000 installed. The equipment will produce a product that must be FDA approved and this will require at least...
A project has an investment of $160,000 in year 0 and an additional investment of $20,000 at the end of year 1. Project starts producing net cash inflows of $50,000 end of years years 2-7 (years 2 to...
Missy Inc. is considering a project that has the following cash flow data. What is the project's IRR? Year 0 1 2 3 4 5 Cash flows -$1,550 $325 $325 $425 $325 $325
During a union organizing campaign, two employees eating lunch in the dining room asked other employees whether they would like to sign cards indicating their support for the union. The...
The cost curve for the city water supply is C(Q) = 16 + 1/4 Q2, where Q is the amount of water supplied and C(Q) is the cost of providing Q acre-feet of water. (An acre-foot is the amount of water...
Katie and Alan are avid boaters and water skiers. They also enjoy parasailing. This year, they started a new parasailing venture to give rides to patrons. Katie and Alan are both employed full-time...
Roberta is an accountant employed by a local firm. During the year, Roberta incurs the following unreimbursed expenses: Item Amount Travel to client locations $750 Subscriptions to professional...
Figure 1.1 outlines the operations, finance/accounting, and marketing functions of three organizations. Prepare a chart similar to Figure 1.1 outlining the same functions for one of the following: a....
ow do synergistic dynamics emerge within high-performance teams, and what role do diverse skill sets, complementary roles, and shared goals play in fostering collaborative innovation and collective...
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead...
You will complete two case studies over the course of the semester. These are to be completed individually. Each case study is found in the textbook and there are questions there to help guide your...

Explain why the SEC requires that filers use XBRL.

Question:

Step by Step Answer:

In March 2012 the SEC adopted the US GAAP Financial Reporting Taxonomy which is based on XBRL Public ...View the full answer

Information Technology for Management Digital Strategies for Insight Action and Sustainable Performa

Students also viewed these Business questions