What Is the Format the Securities and Exchange Commission (SEC)

question 56

Multiple Choice

What is the format the Securities and Exchange Commission (SEC) has mandated for filing financial information?

• A) Comma-delimited files
• B) XML files
• C) HTML files
• D) XBRL files

---

Definitions:

New Stock

Shares that are issued to the public for the first time through an initial public offering (IPO) or additional shares issued by a company already public.

Leveraged Buyout

The acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition.

Tax Shields

Financial techniques that reduce taxable income through deductions such as mortgage interest, depreciation, or charitable donations, effectively lowering tax liabilities.

Project Financing

A financial structure where project debt and equity used to finance the project are paid back from the cash flow generated by the project itself.