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!

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

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

Correct! The balance sheet is divided into two main parts: assets and liabilities.

Correct! This sections gives you a sense of how big and far-flung a company’s physical operations are. Small companies list every facility they own or rent; others list the most significant ones, and big chains tend to list aggregate numbers by state or country, as appropriate.

Correct! Foreign companies often issue the same reports but they do not have to follow SEC guidelines, and their reports may look very different from the 10-Q & 10-K.

Correct!

That's right!