XBRL Serves as a Means to Electronically Communicate Business Information

question 58

True/False

XBRL serves as a means to electronically communicate business information to facilitate business reporting of financial and nonfinancial data to users.XBRL greatly enhances the speed and accuracy of business reporting.

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Definitions:

Complex Ideas

Concepts or thoughts that involve multiple interconnected elements, often requiring deeper understanding and analysis to grasp fully.

Visual, Printed

Refers to materials or information presented in a form that can be seen, often on paper or a digital screen.

Oral Media

Communication methods that involve spoken language to convey messages, such as radio, storytelling, or oral traditions.

Visual Media

Forms of communication that use visual elements, such as images, videos, or graphics, to convey information or messages.