Question 4The main objective of XBRL is to: A.Produce a comprehensive body of accounting standards B. Assist the Securities and Exchange Commission in enforcement of FASB standards C.Facilitate the publication, exchange, and processing of financial and business information D.Define all the elements financial statements

Introduction:- XBRL stands for Extensible Business Reporting Language. It used for business…

Answered: Question 4 The main objective of XBRL…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process

Section: Chapter Questions

Problem 14Q

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Question 4

The main objective of XBRL is to:

	A.	Produce a comprehensive body of accounting standards
	B.	Assist the Securities and Exchange Commission in enforcement of FASB standards
	C.	Facilitate the publication, exchange, and processing of financial and business information
	D.	Define all the elements financial statements

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