XBRL shows promise to streamline financial reports and data processing by using digital tagging that is the equivalent to the use of
A)Retina scanning for security
B)Relational database for data storage
C)Bar code scanning on inventory
D)Integrated tagging

Question

Quizplus · Accepted Answer

XBRL (eXtensible Business Reporting Language) uses digital tagging similar to bar code scanning on inventory. This tagging allows for the efficient identification and processing of financial information in reports, much like how bar codes streamline the tracking and management of inventory.

XBRL Shows Promise to Streamline Financial Reports and Data Processing