The Primary Purpose of the Security and Exchange Commission's Form

question 9

Multiple Choice

The primary purpose of the Security and Exchange Commission's Form 20-F is to

• A) explain in detail the differences between the internal controls established under the accounting and auditing principles of a foreign country and those of the United States.
• B) determine the fee a foreign company must pay to register its financial statements with the Securities and Exchange Commission.
• C) explain in detail the differences between net income computed under the accounting principles of a foreign country and U.S.GAAP.
• D) explain in detail the differences between total assets measured using the accounting principles of a foreign country and U.S.GAAP.

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Definitions:

Use Fee

Use fee is a charge for using a particular service or facility, typically applied in contexts like public utilities, recreational areas, or software services.

Congestion

The state of being crowded or overloaded, often causing delays or inefficiencies, particularly in transportation or network systems.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.

Cross Dock Distribution Center

A warehouse where incoming shipments are directly transferred to outgoing trucks or trailers, minimizing storage time and accelerating distribution.