The Securities Exchange Commission in the US Specified That All

question 27

Multiple Choice

The Securities Exchange Commission in the US specified that all public companies that prepare financial statements in accordance with at least US GAAP and all foreign private issuers that prepare their financial statements using IFRS must provide their financial statements to the SEC and their corporate websites in:

• A)PDF format
• B)XBRL format
• C)HTML format
• D)Hardcopy

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Definitions:

Weighted Average Cost

A calculation that takes into account the various costs of goods based on their relative weights, to arrive at an average cost per unit.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received but were sacrificed in the pursuit of another option.

Debt-Equity Ratio

The quotient of total liabilities and shareholders' equity, representing a company's leverage financially.