How Frequently Do Corporations File 10K Reports with the SEC

question 54

Multiple Choice

How frequently do corporations file 10K reports with the SEC?

• A)monthly
• B)quarterly
• C)semiannually
• D)annually
• E)only when the firm engages in a merger or an acquisition

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Definitions:

American Institute of Certified Public Accountants (AICPA)

A national professional organization for Certified Public Accountants (CPAs) in the United States, setting ethical standards and auditing procedures.

Professional Examination

A test that evaluates an individual's knowledge, skills, and competencies in a particular profession, often required for certification.

Perform Audits

The process of examining an organization's financial records to ensure accuracy and compliance with accounting standards and laws.

Financial Statements

Summaries that present a snapshot of a corporation's financial health, encompassing the balance sheet, income statement, and cash flow statement.