PPK Corporation Is Investigating the Use of XBRL for Filing

question 9

Multiple Choice

PPK Corporation is investigating the use of XBRL for filing its 10-K reports. Which of the following benefits of XBRL is uniquely applicable to PPK?

• A) Simplify the regulatory reporting process.
• B) Consolidate results across divisions and subsidiaries with much greater speed and reliability.
• C) Free themselves from proprietary systems.
• D) Obtain quicker responses from counterparties.

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Definitions:

Deregulation

The process of converting a regulated firm or industry into an unregulated firm or industry.

Airlines

Companies that provide air transport services for traveling passengers and freight, playing a crucial role in global connectivity and commerce.

Trucking

The transportation of goods and products by large vehicles known as trucks, playing a crucial role in supply chain and logistics.

Long-Distance Phone

Telecommunication services that enable voice communication over significant geographical distances.