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https://www.sec.gov/Archives/edgar/data/100517/ XXXXXXXXXX/filename1.pdf Comment Letter (sec.gov) Steps to completion:I. Find the SEC Comment LetterII. Find the Company's response to the SEC's...

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https://www.sec.gov/Archives/edgar/data/100517/ XXXXXXXXXX/filename1.pdf






Comment Letter (sec.gov)






Steps to completion:


I. Find the SEC Comment Letter



II. Find the Company's response to the SEC's questions



III. Draft your response which should include:



  1. Post the SEC letter (using quotations and citations)

  2. Post the company's response (using quotations and citations)


  3. In your own words,discuss the company's response.





      1. Was it written in a respectful tone? Be specific.

      2. Did the company respond to every question the SEC asked?


        1. If not, why not? What excuse did the company offer to justify ignoring a question(s) asked by the SEC?







  1. In your own words,did the company state it will make changes to how it will report the questioned transactions in the future?











          1. What changes will the company make in the future?












  1. In your own words,how will learning to search SEC Comment Letters and company responses be beneficial to their career in accounting?





Answered 1 days After Jan 18, 2023

Solution

Khushboo answered on Jan 19 2023
43 Votes
In this case, the company has responded all the queries and the response of the entity was very polite. Further, SEC has asked five points related to accounting and disclosures in financial statements and the entity has responded point wise and there is no miscommunication made by the entity. Further, there was no excuse provided the management of the organization in relation to revenue recognition criteria, treatment of advertising under co-
and agreement, accounting for
eakage and performance obligation.
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