@bizjournalism
Two Minute Tips
Main
About
Awards
Coverage Areas
Resources
Chapter 20: 10-Q and 10-K Filings Quiz
Test your knowledge of the 10-Q and 10-K filings chapter material!
1 / 10
In what section of the 10-K will you find legal proceedings?
The answer can be found on page 219.
Correct! This section includes a rundown of all the litigation and regulatory proceedings that the company faces.
2 / 10
Earnings per share is simply net income divided by the number of what?
The answer can be found on page 217.
Correct!
3 / 10
All public companies end their fiscal year on Dec 31.
The answer can be found on page 214.
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.
4 / 10
A balance sheet includes what?
The answer can be found on page 216.
Correct! The balance sheet is divided into two main parts: assets and liabilities.
5 / 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!
6 / 10
A profit and loss statement is another name for what kind of statement?
7 / 10
What item number in the 10-K is reserved for future SEC rulemaking?
Correct! Item 4 has no required information, but is reserved by the SEC for future rulemaking.
8 / 10
What part of the 10-K contains similar information to proxy statements?
Correct! Check these sections for information about directors and top executives, including compensation, stock holdings, and potential conflicts of interest.
9 / 10
If you’re trying to understand a company’s vulnerability to currency fluctuations, commodity prices, or interest rate shifts, which is the best section to look at?
The answer can be found on page 220.
10 / 10
How many times a year do public companies file a 10-Q with the SEC?
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.
Your score is
The average score is 65%
Restart quiz
Get Two Minute Tips For Business Journalism Delivered To Your Email Every Tuesday
Every Tuesday we send out a quick-read email with tips for business journalism. Sign up now and get one Tuesday.
