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Which of the statements about xbrl is false

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Reference no: EM132979212

Problem 1: Which of the following statements about XBRL is false?

Group of answer choices

Option 1: The US is the first country to mandate use of XBRL.

Option 2: XBRL will decrease the need for manual financial information searches.

Option 3: XBRL should decrease the time companies spend converting their financial information into various government-prescribed formats.

Option 4: XBRL is only required for publicly traded companies.

Reference no: EM132979212

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