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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
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.
2 / 10
Which of these is not listed under the tips and tricks section of the chapter?
The answer can be found on pages 223-226.
Correct!
3 / 10
What part of the 10-K contains similar information to proxy statements?
The answer can be found on page 222.
Correct! Check these sections for information about directors and top executives, including compensation, stock holdings, and potential conflicts of interest.
4 / 10
A 10-Q is the same thing as a company’s quarterly earnings report.
The answer can be found on page 215.
Correct! There’s overlap between the two, but they are very different.
5 / 10
The statement of cash flows includes cash from what kind of activities?
The answer can be found on page 217.
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.
6 / 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.
7 / 10
What is the clause that is among the strongest warnings that a company’s auditor can issue that indicates that a company is in financial trouble?
The answer can be found on page 225.
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.
8 / 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.
That's right!
9 / 10
What item number in the 10-K will you find information about a company’s physical operations?
The answer can be found on page 218.
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.
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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