
a
Introduction: Form 8-K is used to disclose unscheduled material events. SEC issued guidelines for the number of reportable items to be disclosed in form 8-K, timing, and filing requirements. Companies must file form 8-K within four days of the occurrence of the material event.
The purpose, timing, and format of form 8-K, and the role of financial statements in filing the report.
b
Introduction: Form 8-K is used to disclose unscheduled material event. SEC issues guidelines for number of reportable items to be disclosed in form 8-K, timing and filing requirements. Companies must file form 8-K with in four days of occurrence of the material event.
The five of the circumstances under which the SEC requires filing of form 8-K

Want to see the full answer?
Check out a sample textbook solution
Chapter 14 Solutions
LOOSE-LEAF Advanced Financial Accounting with Connect
- Starbucks Corporation wants to make a profit of $32,000. It has variable costs of $65 per unit and fixed costs of $18,000. How much must it charge per unit if 5,000 units are sold?arrow_forwardPlease give me answer with accounting questionarrow_forwardSophia has a basis in her partnership interest of $5,000. Sohpia receives an operating distribution of $4,000 cash and a computer (not inventory) with an inside basis of $3,000 Taxable income: Outside basis after distribution: Basis in the equipment received: Jalen owns a 30% interest in a partnership for which he has an outside basis of $5,000. During the year, the partnership reduced its total liabilities by $10,000. a) What impact does the reduction in liabilities have on Jalen's outside basis? b) What if the liability reduction totaled $20,000 ? Ryan has basis in his partnership interest of $5,000. Ryan receives an operating distribution of inventory worth $3,000 with a basis of $4,000 and a desk (not inventory) worth $2,000 with a basis of 55,000. Taxable income: Outside basis after distribution: Basis in the inventory received: Basis in the desk received:arrow_forward
- I need help solving this general accounting question with the proper methodology.arrow_forwardWhich of the following is an example of a non-current asset?A) Accounts ReceivableB) InventoryC) EquipmentD) Accounts Payableexplainarrow_forwardI am looking for the correct answer to this general accounting question with appropriate explanations.arrow_forward
- Which of the following is a characteristic of a corporation?A) Unlimited liability for its ownersB) Owners are personally responsible for the corporation's debtsC) Ownership is easily transferable through the sale of stockD) Corporations are taxed at lower rates than partnerships Need helparrow_forwardWhich of the following is a characteristic of a corporation?A) Unlimited liability for its ownersB) Owners are personally responsible for the corporation's debtsC) Ownership is easily transferable through the sale of stockD) Corporations are taxed at lower rates than partnershipsexplain.arrow_forwardWhich of the following is an example of a non-current asset?A) Accounts ReceivableB) InventoryC) EquipmentD) Accounts Payablearrow_forward
- Which of the following is a characteristic of a corporation?A) Unlimited liability for its ownersB) Owners are personally responsible for the corporation's debtsC) Ownership is easily transferable through the sale of stockD) Corporations are taxed at lower rates than partnershipsarrow_forwardFor its maintenance cost pool, Hayek Manufacturing Company expected an overhead cost of $420,000 and an estimated 8,400 machine hours. The actual overhead cost for that cost pool was $445,000 for 8,900 actual machine hours. The activity-based overhead rate (ABOR) used to assign the costs of the maintenance cost pool to products is __.arrow_forwardWhat purpose does economic dependency analysis serve? (a) Reveals hidden relationships affecting financial substance (b) Legal structures alone matter (c) Dependencies never affect reporting (d) Relationships remain irrelevant. Answer this accounting mcq 3 ptaarrow_forward
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College
- Business/Professional Ethics Directors/Executives...AccountingISBN:9781337485913Author:BROOKSPublisher:Cengage
