In this discussion question you explain how XBRL is used to enhance financial reporting. What is XBRL? Why was XBRL developed? Are all companies required to use XBRL? What is XBRL GL? What is meant by tagging and taxonomy? How do these two terms affect standardized financial reporting?

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XBRL stands for eXtensible Business Reporting Language It is a standardized language used for the electronic communication of business and financial d... View the full answer