Extensible Business Reporting Language (XBRL) Has Which of the Following

question 21

Multiple Choice

Extensible business reporting language (XBRL) has which of the following characteristics?

• A) XBRL allows for reliable and automatic exchange of financial information across all software formats.
• B) XBRL essentially is hypertext markup language (HTML) for financial data and t therefore is basically the same as HTML.
• C) XBRL does NOT require the use of tags.
• D) XBRL was developed by a single company, whereas HTML was developed by a consortium of many companies, government agencies, and organizations.

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