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Chapter 20: 10-Q and 10-K Filings Quiz
Test your knowledge of the 10-Q and 10-K filings chapter material!
1 / 10
You can find similar information about executive compensation in the 10-K as you would find in a proxy statement.
The answer can be found on page 222.
That's right!
2 / 10
What part of the 10-K goes most deeply into the numbers and financial activities?
The answer can be found on page 219.
Correct!
3 / 10
How many times a year do public companies file a 10-Q with the SEC?
The answer can be found on page 214.
Correct! Companies file 10-Qs three times a year, within 40 to 45 days after the end of their first, second, and third fiscal quarters.
4 / 10
In what section of the 10-K will you find legal proceedings?
Correct! This section includes a rundown of all the litigation and regulatory proceedings that the company faces.
5 / 10
10-Qs and 10-Ks are useful tools to do what?
The answer can be found on page 223.
Correct! 10-Qs and 10-Ks are multi-purpose tools for reporters.
6 / 10
Earnings per share is simply net income divided by the number of what?
The answer can be found on page 217.
7 / 10
A balance sheet in the 10-Q is what?
The answer can be found on page 216.
Correct! The balance sheet is where the company’s books stand at the close of business on a specific day — the last day of the quarter (or year). It doesn’t tell you much about what happened over the course of the quarter unless you compare it with a previous balance sheet.
8 / 10
All public companies end their fiscal year on Dec 31.
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.
9 / 10
The statement of cash flows includes cash from what kind of activities?
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.
10 / 10
A profit and loss statement is another name for what kind of statement?
Your score is
The average score is 65%
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