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:

Lessee

A tenant.

Re-entry

The act of a landlord to move into possession of leased property.

Re-enter

The act of going back into a place or area that one has previously left.

Payment of Rent

The periodic payment made by a tenant to a landlord in exchange for the use of property, as specified in a lease agreement.