Correct! The clause can appear under a heading such as, “Basis of presentation,” within the company’s Summary of Significant Accounting Policies. Or just search for the phrase “going concern” and read carefully.

Correct!

Correct! Item 4 has no required information, but is reserved by the SEC for future rulemaking.

Correct! 10-Qs and 10-Ks are multi-purpose tools for reporters.

Correct! There’s overlap between the two, but they are very different.

That's right!

That's right. The statement of cash flows includes cash from all of these activities. It also includes supplemental information from taxes and interest paid.

Correct!

That’s right! The 10-K must be audited by an outside accounting firm, while the 10-Q is often simply “reviewed” – a less rigorous standard.

That’s right! While many companies end their fiscal year on Dec. 31, many others don’t. For example, many retailers end their fiscal year on Jan. 31 to capture the full Christmas-to-New Year’s selling season in one quarter.