Group Assignment #1 Inline XBRL (due 2/17) 2-25

(1) Read an introduction to XBRL and answer the follow questions:

a. What are the most important features of XBRL? Describe two of them.

b. Who are the user of XBRL? Describe two of them.

c. What are the benefits of XBRL for Securities Regulators and Stock Exchanges? Describe two of them.

(2) The SEC issued an order that allows voluntary filing using Inline XBRL through March 2020. Read the introduction page and the AICPAs comment letter, and tour around the mock filing. Answer the following questions:

a. What is Inline XBRL?

b. What are the benefits of having Inline XBRL?

c. What is your favorite feature of the Inline XBRL Viewer?

Please describe. Requirement: Use your own words; At least two pages (font 12, letter size, double line)