In order to properly determine the filing deadlines for Form 10-K (and Form 10-Q), a registrant must first determine whether it is:

Question

Options

• Aan accelerated filer
• Ba large accelerated filer
• Ca non-accelerated filer
• DAll of the above

• A
  3% (1)
• B
  10% (4)
• C
  5% (2)
• D
  83% (33)

Explanation

Option D is correct because the SEC requires registrants to identify their filer category - large accelerated filer, accelerated filer, or non-accelerated filer - before they can determine their applicable deadline. Each category carries a different due date: large accelerated filers have the shortest window (60 days for 10-K, 40 days for 10-Q), accelerated filers have intermediate deadlines (75/40 days), and non-accelerated filers have the most time (90/45 days). Options A, B, and C are each individually incomplete because no single category applies to all registrants - a company must know which category it falls into, and all three categories exist as distinct possibilities under SEC rules.

Memory tip: Think of it as a traffic light with three lanes - you can't know your speed limit until you know which lane you're in. All three lanes (filer types) must exist for the system to work, so "all of the above" is always the right starting point when the question asks what a registrant must determine.

No community discussion yet for this question.