Discuss how organizations can benefit from XBRL
What will be an ideal response?
The use of XBRL for financial reporting permits the SEC to review a greater number of filings, faster and in greater detail. The financial analysts and investors who use the financial reports can conduct financial analysis faster and with greater accuracy. Banking regulators in the United States and Europe have also found XBRL to be useful in standardizing and streamlining their work. The U.S. Federal Deposit Insurance Corporation (FDIC) is using XBRL to process filings by some banks.
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Most companies tend to compete with distant competitors that are typically unlike them, rather than with close competitors
Indicate whether the statement is true or false
Pick a product imported from overseas and describe the intermodal options for bringing it to a retail location in your hometown?
What will be an ideal response?