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

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) has mandated the use of eXtensible Business Reporting Language (XBRL) for the filing of financial information. XBRL allows companies to standardize and streamline the process of submitting financial statements, making it easier for investors to compare and analyze the financial performance of different companies.

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