Problem

At lunch one day, the topic of XBRL is mentioned. One of your colleagues says, “It has som...

At lunch one day, the topic of XBRL is mentioned. One of your colleagues says, “It has something to do with schemas, linkbases, and taxonomies—that is all I know.” Then he turns to you and asks, “What do you know about XBRL?”

What would you say? How would you explain the relationship of schemas, linkbases, and taxonomies?

How does XBRL work?

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