From an Accountant's Perspective, One of the Benefits of XBRL

question 42

Multiple Choice

From an accountant's perspective, one of the benefits of XBRL is the ability to focus effort on analysis and value-added work. Value-added work includes such items as

• A)Posting entries from the journal to the ledger
• B)Interpreting financial statement ratios.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Cardiac Patients

Individuals who are receiving treatment for or have been diagnosed with heart-related conditions.

Aspirin

A medication used to reduce pain, fever, or inflammation.

Frequency

The rate or number of occurrences of a repeating event per unit of time, or in discrete terms, the number of times a particular value appears in a data set.

Emergency Room

A specialized department within a hospital that provides immediate treatment for acute and urgent medical conditions.