The SEC Requires Disclosure of Quarterly High and Low Market

question 49

Multiple Choice

The SEC requires disclosure of quarterly high and low market prices for

• A) two years.
• B) three years.
• C) four years.
• D) The SEC does not require disclosure of quarterly high and low market prices.

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Definitions:

General Ledger

A complete record of all financial transactions over the life of a company, serving as a primary tool for financial reporting.

General Ledger

The primary accounting record of a company or organization in which all transactions are recorded, including assets, liabilities, equity, revenue, and expenses.

Original Entry

The initial recording of a financial transaction in the accounting records or journal.