Which of These Is Not an Advantage of XBRL

question 39

Multiple Choice

Which of these is not an advantage of XBRL?

• A)It often enables businesses to avoid rekeying data downloaded from corporate websites
• B)It constrains companies to particular formats, thus ensuring consistency
• C)It helps standardize the storage and therefore presentation of financial information
• D)all of these are advantages of XBRL

---

Definitions:

Materials

Raw inputs or components that are used in the production of goods or delivery of services.

Conversion Costs

The combined costs of direct labor and manufacturing overheads, which are incurred to turn raw materials into finished goods.

Units in Process

An inventory classification representing products partially completed in the manufacturing process, often evaluated at the end of an accounting period.

First-In, First-Out

An inventory valuation method where goods first acquired are the first to be sold.