True or False: the SEC Requires U

question 23

True/False

True or False: The SEC requires U.S.companies to use XBRL when submitting their filings.

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Definitions:

Selected

Chosen from a group based on specific criteria or for a specific purpose.

Limited Liability Company

A Limited Liability Company (LLC) is a business structure that offers personal liability protection to its owners, along with tax and operational flexibility.

Formed

The process of creating or establishing something, often referring to the formation of a legal or structured entity such as a company or agreement.

Advantages and Disadvantages

A consideration of the positive and negative aspects of a particular decision, action, or strategy.