Concept explainers
Finding Financial Information: Matching Information Items to Financial Reports
Following are information items included in various financial reports. Match each information item with the report(s) where it would most likely be found by entering the appropriate letter(s) in the space provided.
Information Item | Report |
___ ( 1 ) Summarized financial data for 5-year period. ___ (2) Notes to financial statements. ___ (3) The four basic financial statements for the year. ___ (4) Summarized income statement information for the quarter. ___ (5) Detailed discussion of the company’s competition. ___ (6) Initial announcement of hiring of new vice president for sales. ___ (7) Initial announcement of quarterly earnings. ___ (8) Description of those responsible for the financial statements. ___ (9) Complete quarterly income statement, flow statement. ___ (10) Announcement of a change in auditors. |
A. Form 10-Q B. Annual report C. Form 8-K D. Press release E. Quarterly report F. Form 10-K G. None of the above |
Want to see the full answer?
Check out a sample textbook solutionChapter 5 Solutions
Connect Access Card for Financial Accounting
- Calculate predetermined overhead for wilson consulting?arrow_forwardWilson Consulting is a consulting firm. The firm expects to have $60,000 in indirect costs during the year and bill customers for 8,000 hours. The cost of direct labor is $80 per hour. Calculate the predetermined overhead allocation rate for Wilson Consulting.arrow_forwardCash flows from operating activities - using INDIRECT methodarrow_forward
- College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College PubCollege Accounting, Chapters 1-27 (New in Account...AccountingISBN:9781305666160Author:James A. Heintz, Robert W. ParryPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College
- Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning