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Which of the Following Statements About XBRL Is FALSE

Question 2

Multiple Choice

Which of the following statements about XBRL is FALSE?


A) The US is the first country to mandate use of XBRL.
B) XBRL will decrease the need for manual financial information searches.
C) XBRL is only required for publicly-traded companies.
D) XBRL should decrease the time companies spend converting their financial information into various government-prescribed formats.

Correct Answer:

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