XBRL improves business' ability to
A) consolidate financial reporting information.
B) share data across departments.
C) compare performance with benchmarks.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

XBRL (eXtensible Business Reporting Language) is designed to improve the efficiency and accuracy of business reporting by enabling the consolidation of financial information, facilitating data sharing across departments, and allowing for easier comparison with performance benchmarks.

XBRL Improves Business' Ability to