Question

Which of the following statement is correct about a company's report? Notes to the financial statements...

Which of the following statement is correct about a company's report?

Notes to the financial statements are not a required component of the 10-K.

b. All companies with more than $10 million of assets need to file the 10-K report with the SEC within 90 days of the end of fiscal year.

c. The 10-Q report has to be filed within 45 days of the end of the first three fiscal quarters.

d. The 10-K report has to be audited, but the first three quarters of 10-Q reports do not have to be audited.

e. B, C, and D.

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Homework Answers

Answer #1

Answer is option E

e. B, C, and D.

b. All companies with more than $10 million of assets need to file the 10-K report with the SEC within 90 days of the end of fiscal year.

c. The 10-Q report has to be filed within 45 days of the end of the first three fiscal quarters.

d. The 10-K report has to be audited, but the first three quarters of 10-Q reports do not have to be audited.

It is mandatory for companies having assets of more than $10 million of assets has to file 10-K report with the SEC within 90 days of the end of fiscal year. The 10-Q report is filled after the end of end of each of the first three fiscal quarters of each fiscal year and it is not required to be audited like the 10-K report.

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