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 is a benefit of XBRL.

Question

Quizplus · Accepted Answer

Both A and B are benefits of XBRL. By publishing financial information using standard XBRL tags, organizations can avoid re-entering data and users can easily interpret the tagged data without the need for manual data entry.

The Benefits of XBRL Include