
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 |

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Chapter 5 Solutions
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