Question

Form 10-k annual report to the sec

A) 60 days of the last day of the fiscal year by large accelerated filers( 700 million or more)
B) 75 days by accelerated filers (75-700)
C) 90 days by nonaccelerated filers( less than 75)

Answer 1

The question concerns the SEC filing deadlines for Form 10-K reports based on the company's public float size, ranging from 60 to 90 days, and the average time taxpayers take to complete IRS Form 1040 in a statistical sampling context.

Step-by-step explanation:

The question is referring to the time frame in which companies must file their Form 10-K annual reports with the Securities and Exchange Commission (SEC). Different deadlines are set based on the classification of the filing company:

• Large accelerated filers, with a public float of $700 million or more, must file within 60 days after the end of their fiscal year.
• Accelerated filers, with a public float between $75 million and $700 million, are given 75 days to file.
• Non-accelerated filers, with a public float of less than $75 million, have 90 days to complete their filing.

Separately, discussing the statistical context given in the second part of the question, when we randomly sample 36 taxpayers to determine the time taken to complete IRS Form 1040, 'X' would represent the average time taken by these 36 taxpayers to complete the form.