A proxy statement must be filed with the SEC at least how many days before being distributed?

Multiple Choice

$30$ days

$10$ days

$90$ days

$7$ days

$60$ days

The SEC has usually restricted its role in establishing accounting principles to

Multiple Choice

developing definitions of key accounting terms.

the promulgation and issuance of SASs $($Securities Accounting Standards$).$

specifying the information that should be included in interim financial statements.

developing accounting standards for particular industries.

determining required disclosures.