Which Type of Company Does the Securities and Exchange Commission

question 22

Multiple Choice

Which type of company does the Securities and Exchange Commission (SEC) require to format their financial statements using XBRL?

• A)Financial institutions
• B)Large accelerated filers
• C)Brokerage firms
• D)All public companies

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Definitions:

Categorical Proposition

A statement that asserts or denies something about every member of a category, forming the basis of categorical logic.

Negative

Negative, in a logical or mathematical context, refers to the denial or opposition to a statement, proposition, or a value less than zero in algebra.

Declarative English Sentence

A sentence that makes a statement or expresses an opinion, contrasted with interrogative, imperative, or exclamatory sentences.

Categorical Proposition

A statement that asserts or denies something about all or some of the members of a category.