What is the primary benefit of creating XBRL financial reports and electronically disseminating them?
A) The results of a company's operations can be graphically displayed.
B) Information can be published one time and then extracted electronically for other purposes thereby eliminating the need to identify and reenter the data.
C) Information stored in tables can be easily accessed through a query language.
D) Data can be easily shared by authorized users.

Question

Quizplus · Accepted Answer

The primary benefit of creating XBRL financial reports and electronically disseminating them is that information can be published one time and then extracted electronically for other purposes, thereby eliminating the need to identify and reenter the data. This saves time and reduces errors.

What Is the Primary Benefit of Creating XBRL Financial Reports