The SEC's Computer System That Performs Automated Collection,validation,indexing,acceptance,and Dissemination of Reports

question 59

Multiple Choice

The SEC's computer system that performs automated collection,validation,indexing,acceptance,and dissemination of reports required to be filed with the SEC is known as:

• A) SEC-ELS.
• B) ELMER.
• C) EDGAR.
• D) EDMOND.

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Definitions:

Indirect Approach

A method of communication or problem-solving that is not straightforward, often involving suggestion or implication rather than direct statements.

Investing Activities

Financial operations that involve the purchase and sale of long-term assets and other investments not considered cash equivalents.

Financing Activities

Refers to the transactions and events that affect long-term liabilities and equity of a company, including issuing debt, selling shares, and paying dividends.

Direct Approach

A method of income statement preparation where expenses are listed directly against revenue items to show the net income.