The SEC Review Process of filings is generally categorized into two different types:

Select one:

a. Objective and Subjective

b. Required and Selective

c. Form 10Ks and Form 10Qs

d. Mandatory and Judgmental

The SEC Staff had the following comments on Contingencies disclosures, except:

Select one:

a.

Insufficient details about judgments and assumptions underlying significant accruals

b.

Inconsistency between the disclosure of the matter and the recording of the liability amount.

c.

Use of unclear language in disclosures

d.

Lack of specificity regarding the nature of the matter

The SEC encourages registrants to disclose:

Select one:

a.

Likelihood of failing a covenant or obtaining a waiver in the future.

b.

Proforma financial statements if the registrant failed to meet covenants

c.

A debt covenant ratio table that illustrates the minimum and maximum amounts permitted

d.

All the terms related to covenants and how the registrant has complied with those covenants.

The disclosure requirements for EPS for a registrant is found at:

Select one:

a.

ASC 280-10-50

b.

ASC 820-10-50

c.

ASC 715-20-50

d.

ASC 260-10-50

SAB Topic 1.M indicates that registrants should consider each misstatement individually and

Select one:

a.

the aggregate effect of all uncorrected misstatements

b.

the aggregate effect of all misstatements

c.

the aggregate effect of corrected misstatements

d.

the aggregate effect of intentional misstatements

For registrants with multiple element arrangements, the SEC expects disclosures related to all the following, except:

Select one:

a.

The method for determining whether certain deliverables in an arrangement qualify as separate units of accounting

b.

The registrants accounting policy for allocating and recognizing revenue for each deliverable

c.

The period of which each unit of accounting is recognized

d.

The registrants support for its conclusion that an undelivered item has stand-alone value