U.S. Securities and Exchange Commission (SEC)

Which SEC form discloses information about material events? Form S-1 Form 8-K Form 10-K Form 10-Q

Form 8-K Form 8-K discloses information about material events for U.S. companies.

A company that is a large accelerated filer must file its Form 10-Q with the United States Securities and Exchange Commission within how many days after the end of the period? 30 days. 40 days. 45 days. 60 days.

40 days. A large accelerated filer is a company with worldwide market value of outstanding voting and nonvoting common equity held by nonaffiliates of $700 million or more. A large accelerated filer must file its 10Q within 40 days after quarter end.

Which of the following disclosures should prospective financial statements include? Summary of significant accounting policies Summary of significant assumptions Yes-Yes Yes-No No-Yes No-No

Yes-Yes Prospective financial statements include information on the purpose of the statements, assumptions, and significant accounting policies.

A company is an accelerated filer that is required to file Form 10-K with the United States Securities and Exchange Commission (SEC). What is the maximum number of days after the company's fiscal year-end that the company has to file Form 10-K with the SEC? 60 days. 75 days. 90 days. 120 days.

75 days The maximum number of days for an accelerated filer to file a 10-K with the SEC is 75 days after the company's fiscal year-end. However, a large accelerated filer with $700 million of public float has a deadline of 60 days, and nonaccelerated filers have a deadline of 90 days.

Prospective financial information is defined as Any financial information about the past, present, or future. Any financial information about the present or future. Any financial information about the future related to the day-to-day operations. Any financial information about the future.

Any financial information about the future. Prospective financial information is defined as any financial information about the future.

Which of the following is required by Regulation S-K to be included in the Management's Discussion and Analysis (MD&A) that is part of the 10-K? The Balance Sheet. Discussion of risks and uncertainties. Accounting fees and services. Executive compensation.

Discussion of risks and uncertainties. The SEC requires that the MD&A provide a "discussion and analysis" on operating results, liquidity, and capital resources, trends, and risks and uncertainties. Where there are significant increases in sales, management must discuss the extent that price, volume, or new products contributed to the increase.

The SEC is comprised of five commissioners, appointed by the President of the United States, and five divisions. Which of the following divisions is responsible for overseeing compliance with the securities acts? Division of Corporate Finance. Division of Enforcement. Division of Trading and Markets. Division of Investment Management.

Division of Corporate Finance. The Division of Corporate Finance oversees the compliance with the securities acts and examines all filings made by publicly held companies.

The SEC enforces the corporate registration requirements of the Securities Act of 1933 as one of its principal objectives. These requirements are intended to provide information that enables the SEC to: Evaluate the financial merits of the corporation offering the securities to the public. Ensure that investors are provided with adequate information on which to base investment decisions. Guarantee that the facts contained in the registration statement are accurate. Assure investors of the accuracy of the financial statements.

Ensure that investors are provided with adequate information on which to base investment decisions. The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. In order to carry out the mandates in the Securities Act of 1933, the SEC is ensuring that investors are provided with adequate information on which to base investment decisions. www.SEC.gov, What We Do.

Even though the SEC delegates the creation of accounting standards to the private sector, the SEC frequently comments on accounting and auditing issues. The main pronouncements published by the SEC are:. Federal Reporting Updates (FRU). Financial Reporting Releases (FRR). Staff Auditing Bulletins (SAB). Accounting Principles Opinions (APO).

Financial Reporting Releases (FRR). The main pronouncements published by the SEC are the Financial Reporting Releases (FRR) and the Staff Accounting Bulletins (SAB).

Which of the following reports would a company file to meet the U.S. Securities and Exchange Commission's requirements for unaudited, interim financial statements reviewed by an independent accountant? Form 10-Q Form 10-K 14A Proxy Statement Form S-1

Form 10-Q Form 10-Q is the form for quarterly filing by a public entity with securities listed in the United States.

BC Co. is a public company that is required to file financial reports with the United States Securities and Exchange Commission (SEC). ABC acquired a significant related business, Bauer Co., through the registration and issuance of additional shares of common stock to the former stockholders of Bauer. Which of the following forms should ABC file with the SEC as a result of the acquisition of Bauer? Form 8-K. Form 10-K. Form 10-Q. Form S-1.

Form 8-K. Form 8-K must be filed whenever there is a significant event that affects the company. A "significant acquisition of another company" is the type of event that is required to be reported on Form 8-K.

Crafty Inc is a publicly traded company. Recently, Crafty entered into a material long-term lease agreement. Which SEC form discloses information about material events? Form S-1. Form 8-K. Form 10-K. Form 10Q.

Form 8-K. Form 8-K discloses information about material events for U.S. Companies.

A U.S. publicly traded company's second fiscal quarter-ends on March 31. If the company is an accelerated filer, what is the latest date that the 10-Q should be filed with the U.S. SEC? May 10. May 15. May 30. June 29

May 10. An accelerated filer has 40 days after quarter-end to file its 10-Q. Forty days after March 31 is May 10.

Which of the following best describes the content of the SEC Form 10-Q? Quarterly audited financial information and other information about the company. Annual audited financial information and nonfinancial information about the company. Disclosure of material events that affect the company. Quarterly reviewed financial information and other information about the company.

Quarterly reviewed financial information and other information about the company. Form 10-Q presents reviewed quarterly information and other information about the company.

U.S. Securities and Exchange Commission (SEC) regulations for the financial statement presentation and disclosure requirements of SEC filings can be found in Regulation S-B. Regulation S-K. Regulation S-T. Regulation S-X.

Regulation S-X. Regulation S-X governs the form and content of financial statements and financial statement disclosures for publicly traded entities.

A company is required to file quarterly financial statements with the United States Securities and Exchange Commission on Form 10-Q. The company operates in an industry that is not subject to seasonal fluctuations that could have a significant impact on its financial condition. In addition to the most recent quarter-end, for which of the following periods is the company required to present balance sheets on Form 10-Q? The end of the corresponding fiscal quarter of the preceding fiscal year. The end of the preceding fiscal year and the end of the corresponding fiscal quarter of the preceding fiscal years. The end of the preceding fiscal year. The end of the preceding fiscal year and the end of the prior two fiscal years.

The end of the preceding fiscal year. The SEC requires that a Form 10-Q contain an interim balance sheet as of the end of the most recent fiscal quarter and a balance sheet as of the end of the preceding fiscal year. An interim balance sheet for the fiscal quarter of the preceding year does not need to be provided unless it is necessary for understanding the impact of seasonal fluctuations.

SEC's regulation S-X describes The form and content of financial statements to be filed with the SEC. The requirements for information and forms required by other regulations. The reporting requirements for asset-backed securities. A mandate that publicly traded companies disclose material information to all investors simultaneously.

The form and content of financial statements to be filed with the SEC. Regulation S-X describes the form and content of financial statements to be filed with the SEC.