What statements concerning xbrl reporting is true, Accounting Basics

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What statements concerning xbrl reporting is true

Question: Which of the following statements concerning XBRL reporting is true? Multiple Choice Several states require local governments to use XBRL for financial reporting. The federal government requires XBRL for those receiving federal funds. XBRL reporting has been shown to decrease timeliness of financial reporting. XBRL reporting has the ability to increase transparency of financial reporting.

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