Which of the statements below is false regarding extensible business reporting language (XBRL)?
A) Many experts feel that XBRL will replace EDI.
B) XBRL is in effect a narrower standard than the ANSI X.12 standard for EDI.
C) The SEC allows use of the XBRL format.
D) XBRL facilitates the exchange of business documents over the Internet.

Question

Quizplus · Accepted Answer

XBRL is not a narrower standard than ANSI X.12 for EDI; rather, it is a different standard focused on financial and business reporting, not general data interchange.

Which of the Statements Below Is False Regarding Extensible Business