XBRL Allows Organizations to Save Costs by Preparing Data in One

question 35

Multiple Choice

XBRL allows organizations to save costs by preparing data in one form and automatically generating many outputs. Which steps in the accounting cycle are therefore affected by using XBRL?

• A)Posting from the journal to the ledger.
• B)Preparing an adjusted trial balance.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Sediment Size

A classification of sediment particles based on their diameter, ranging from clay to boulders.

Depth Of Burial

The vertical distance from the surface to a buried object or layer.

Group Development

Group development refers to the phases or stages a group undergoes as it matures, typically including forming, storming, norming, performing, and adjourning, to achieve effective collaboration and results.

Uncertainty

The condition of having limited knowledge about an event, outcome, or the future, making it difficult to predict accurately.