Which of the Following Statements About XBRL Is False

question 128

Multiple Choice

Which of the following statements about XBRL is false?

• A)XBRL is only required for publicly traded companies.
• B)XBRL will decrease the need for manual financial information searches.
• C)The US is the first country to mandate use of XBRL.
• D)XBRL should decrease the time companies spend converting their financial information into various government-prescribed formats.

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Definitions:

Solitary Play

A developmental stage in early childhood where a child plays alone, focused on their own activity without direct interaction with other children.

Physical Disability

A limitation on a person's physical functioning, mobility, dexterity, or stamina; often involves impairments that substantially limit one or more major life activities.

Child Abuse

Refers to physical, emotional, or sexual harm inflicted upon a child by a caregiver or another person.

Passivity

The trait of accepting or allowing what happens or what others do, often without active response or resistance.