Question: XBRL stands for extensible Business Reporting Language and it i
XBRL stands for extensible Business Reporting Language, and it is one of the family of XML languages that is becoming standard for business communication across companies. Among other uses, the Securities and Exchange Commission has run a voluntary XBRL filing program since 2005. Go online and research the current status of XBRL implementation and adoption, including examples of companies that are already using it for business purposes. Prepare a report to share your findings.
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