Question

The U.S. GAAP Financial Reporting Taxonomy is an electronic dictionary of business reporting elements used to report ________.

Select one:

a. The value of assets
b. Business data
c. Sales
d. Taxes

Answer 1

Answer: b. Business data

Step-by-step explanation:

The U.S. GAAP Financial Reporting Taxonomy contains information pertaining to the standards enlisted by the U.S. securities and exchange commission (SEC) for an individual to submit information related to filing.