How XBRL Works

by Charles Hoffman, CPA
Unstructured Text


Inventory

Inventory consists of produce purchased for resale and supplies and are stated at the
lower...
Structured Text
<InventoryInformation>
Inventory

Inventory consists of produce purchased for resale and supplies and are ...
Structured for Presentation
<html>
<p><bold>Inventory</bold></p>

<p>Inventory consists of produce purchased for resale an...
Structured for Meaning
<Inventory>
  <ConsistsOf>produce purchased for resale and supplies</ConsistsOf>
  <StatedAt>lower ...
Structured for Meaning, Global
                       Standard
<InventoryComponents contextRef=“D-2006”>produce purchased ...
This isn’t your Daddy’s Financial
                 Reporting Application!
 Current approach, type this into Word:
  Invent...
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How Xbrl Works

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Walks you through how XBRL works.

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How Xbrl Works

  1. 1. How XBRL Works by Charles Hoffman, CPA
  2. 2. Unstructured Text Inventory Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to $45,594 and $34,456, respectively.
  3. 3. Structured Text <InventoryInformation> Inventory Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to $45,594 and $34,456, respectively. </InventoryInformation>
  4. 4. Structured for Presentation <html> <p><bold>Inventory</bold></p> <p>Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to <bold>$45,594</bold> and <bold>$34,456</bold>, respectively.</p> </html> Inventory Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to $45,594 and $34,456, respectively.
  5. 5. Structured for Meaning <Inventory> <ConsistsOf>produce purchased for resale and supplies</ConsistsOf> <StatedAt>lower of cost or market</StatedAt> <ValuationMethod>FIFO</ValuationMethod> <Value2006>$45,594</Value2006> <Value2005>$34,456</Value2005> </Inventory> Inventory Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to $45,594 and $34,456, respectively.
  6. 6. Structured for Meaning, Global Standard <InventoryComponents contextRef=“D-2006”>produce purchased for resale and supplies</InventoryComponents> <InventoryCostBasis contextRef=“D-2006”>lower of cost or market</InventoryCostBasis > <ValuationMethod contextRef=“D-2006”>FIFO</ValuationMethod> <Value2006 contextRef=“D-2006” unitRef=“USD” decimals=“0”>45594</Value2006> <Value2005 contextRef=“D-2006” unitRef=“USD” decimals=“0”>$34,456</Value2005> Inventory Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to $45,594 and $34,456, respectively.
  7. 7. This isn’t your Daddy’s Financial Reporting Application! Current approach, type this into Word: Inventory Inventory consists of produce purchased for resale and supplies and are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory as of December 31, 2006 and 2005 amounted to $45,594 and $34,456, respectively. Smart XBRL Application: Or: Put a grid (neutral format table) here
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