Multiple Choice
Why might an organization that is NOT a public company choose to integrate XBRL into their accounting information?
A) XBRL allows for easier consolidation of data from disparate systems with the organization.
B) XBRL simplifies the financial reporting process in such a way that the statements need not be reviewed by the CFO.
C) The SEC requires that all organizations utilize XBRL whether they are public or private.
D) The SEC requires that all organizations utilize XBRL to report comparative data.
Correct Answer:
Verified
Correct Answer:
Verified
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