Publicly Held Corporations Must File Annual Reports with the SEC

question 138

Multiple Choice

Publicly held corporations must file annual reports with the SEC.All such reports are available

• A) to the general public.
• B) only to the SEC,the company's owners and management,and the company's auditors.
• C) only to the SEC,the company's management,and the company's auditors.
• D) only to other SEC companies and the issuing company's owners and management.

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Definitions:

Fair Values

The estimated market value of an asset or liability, reflecting the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Collateralized Loan

A loan that is secured by collateral, assets that the lender can seize if the borrower fails to repay the loan.

Prepaid Interest

The amount of interest that is paid in advance of the period to which it relates, often associated with loans or mortgages.

Loan Payable

Loan Payable is the liability account in a company’s balance sheet representing the amount owed to lenders that must be paid back in the future.