The Securities and Exchange Commission (SEC)requires all publicly-traded corporations to file their 10-K reports using XBRL (Extensible Business Reporting Language).

Question

Quizplus · Accepted Answer

This is true. The SEC mandates the use of XBRL for financial filings such as annual reports (10-K), quarterly reports (10-Q), and other forms. XBRL allows for easier comparison and analysis of financial data for investors and regulators.

The Securities and Exchange Commission (SEC)requires All Publicly-Traded Corporations to File