Question 11 10 pts Which one is correct for the SEC filing requirements? XBRL taxonomy is revised and published by XBRL US Since June, 2009, all public companies were required to use XBRL when they file 10-Q and 10-K. XBRL is a business reporting language which makes 10-K and 10-Q be more readable and accessible Large accelerated filer, defined as a firm who has a public float of $700 million, should file form 10-K within 40 days from the fiscal year end The Division of Corporation Finance reviews 10-Q and 10-K when they are received. The staff may request additional information to company after the review, and the company should respond to each comment in a letter