Fill in the Blanks Below Based on the Benefits of XBRL

question 10

Essay

Fill in the blanks below based on the benefits of XBRL discussed in the text.
A. Consolidates results across ___ with much greater speed and reliability.
B. Focus effort on ___, rather than on laborious tasks in gathering, compiling and preparing data.
C. Free themselves from ___ systems and software which are difficult and costly to replace.
D. Improve investor relations through provision of more ___ information.
E. Saves costs by preparing data in one form and automatically generating ___.
A. divisions and subsidiariesb. analysis, forecasting and decision makingc. proprietaryd. transparent and user-friendlye. many outputs

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Definitions:

Amortization of Bonds

The gradual reduction of the discount on bonds payable or the premium on bonds receivable over the life of the bonds.

Discount Amortization

The process of gradually writing off the discount on bonds payable over the life of the bonds.

Bond Interest

The periodic payment made by bond issuers to bondholders, usually expressed as a percentage of the face value of the bond.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.