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XBRL Allows Organizations to Save Costs by Preparing Data in One

Question 37

Multiple Choice

XBRL allows organizations to save costs by preparing data in one form and automatically generating many outputs. Which steps in the accounting cycle are therefore affected by using XBRL?


A) Posting from the journal to the ledger.
B) Preparing an adjusted trial balance.
C) Both A and B.
D) Neither A nor B.

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