The benefits of XBRL include:
A) organizations can publish financial information only once, using standard XBRL tags.
B) tagged data is readable and interpretable by computers, so users don't need re-enter data into order to work with it.
C) Both are benefits of XBRL.
D) Neither are benefits of XBRL.

Question

Quizplus · Accepted Answer

XBRL provides the benefits of allowing organizations to publish financial information only once, using standard XBRL tags, and also making tagged data readable and interpretable by computers, so users don't need to re-enter data into order to work with it.

The Benefits of XBRL Include