Which of the following businesses is required by law to make its data available to the public?
A) A restaurant owned and managed by an individual proprietor
B) A premium salon owned by two business partners
C) A carpet manufacturing unit runs solely by a third-generation entrepreneur
D) A software company with over 300 shareholders

Question

Quizplus · Accepted Answer

A software company with over 300 shareholders is required by law to make its data available to the public. Publicly traded firms are required to file the Form 10-K (or 10-K report) annually with the U.S. Securities and Exchange Commission (SEC), a federal regulatory agency. The 10-K reports are the primary source of companies' accounting data available to the public.

Which of the Following Businesses Is Required by Law to Make