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 to re-enter data in order to work with it.
C)Both are benefits of XBRL.
D)Neither is a benefit of XBRL.

Question

Quizplus · Accepted Answer

The benefits of XBRL include both A and B. With XBRL, organizations can publish financial information only once, using standard XBRL tags. Tagged data is readable and interpretable by computers, so users don't need to re-enter data in order to work with it. This makes it easier and more efficient to analyze financial data, reducing errors and increasing transparency.

The Benefits of XBRL Include