The advantages of XBRL are:
A)reduced data manipulation
B)paperless reporting
C)reduced accounting time
D)all of the options are correct

Question

Quizplus · Accepted Answer

All of the options are advantages of using XBRL. XBRL can reduce data manipulation by standardizing the format of financial information, making it easier to compare and analyze data from different sources. Additionally, XBRL can facilitate paperless reporting and reduce accounting time by streamlining the reporting process and minimizing the need for manual data entry.

The Advantages of XBRL Are