Bumble Beasley commented: "I understand the benefits of XBRL, but tagging all our company's journal entries and financial statements is too much work." Which of the following is the best response to Bumble's comment?
A)XBRL cannot be used to tag journal entries.
B)The tagging process can be automated.
C)Both XBRL cannot be used to tag journal entries and the tagging process can be automated.
D)Neither XBRL cannot be used to tag journal entries nor the tagging process can be automated.

Question

Quizplus · Accepted Answer

The best response is "The tagging process can be automated." This addresses Bumble's concern about the workload of tagging by suggesting that automation can make the process more manageable. Additionally, the response does not refute his understanding of the benefits of XBRL, nor does it make a false claim about the limitations of XBRL.

Bumble Beasley Commented: "I Understand the Benefits of XBRL, but Tagging