1|Page
ANALYZING FINANCIAL REPORTS WALL STREET
PREP ACTUAL EXAM ||VERIFIED
EXAM!!!(COMPLETE) 40 QUESTIONS AND 100%
CORRECT ANSWERS GRADED A+/ ANALYZING
FINANCIAL REPORTS ACTUAL EXAM FROM WALL
STREET PREP (NEWEST EXAM!!!)
10-Q's must be filed four times a year for publicly traded
companies. - Answers-False. 10-Q's must be filed only
three times.
Both the 10-K and 10-Q filings are audited. - Answers-
False. Only 10-K filings are audited.
All publicly traded companies and private companies with
revenues greater than $850m must file 10-K's annually
with the SEC. - Answers-False. Private companies do not
need to file 10-K's.
For large accelerated filers, 10-K's must be filed no later
than 90 days after the fiscal year-end date. - Answers-
False. For large accelerated filers, 10-K's must be filed no
later than 60 days after the fiscal year-end date.
,2|Page
For accelerated filers, 10-K's must be filed no later than 90
days after the fiscal year end date. - Answers-False. For
accelerated filers, 10-K's must be filed no later than 60
days after the fiscal year-end date.
These reports cannot contain information not included in
the 10-K. - Answers-False. Annual reports do sometimes
contain information not included in the 10-K.
Part I of the 10-K contains the Management Discussion &
Analysis section, while Part II contains the Financial
statements and Footnotes. - Answers-False. Part I of the
10-K contains the Management Discussion & Analysis
section, while Part II contains the Financial statements
and Footnotes.
In what section of ArchCoal's 2013 10-K did the company
disclose EBITDA?
Item 7. Management discussion & analysis
Item 1. Business
Item 8. Financial Statements and Supplementary Data
Item 6. Selected financial data - Answers-Item 7.
Management discussion & analysis
, 3|Page
In what section of BRE's 2012 10-K did it provide a
complete GAAP Net income to Non-GAAP Core FFO
reconciliation?
Item 6. Selected financial data
Item 7. Management discussion & analysis
Item 1. Business
Item 8. Financial Statements and Supplementary Data -
Answers-Item 7. Management discussion & analysis
The income statement included in a company's 10-K must
show 3 years of results, while the balance sheet must
show 2 years.
False
True - Answers-True
How much "cash and equivalents" did PG have as of June
30, 2013? Please provide your answer in millions without
$ sign or comma separator (Ex: 2345) - Answers-PG had
cash and cash equivalents of $5,947m on its balance
sheet as of June 30, 2013.
ANALYZING FINANCIAL REPORTS WALL STREET
PREP ACTUAL EXAM ||VERIFIED
EXAM!!!(COMPLETE) 40 QUESTIONS AND 100%
CORRECT ANSWERS GRADED A+/ ANALYZING
FINANCIAL REPORTS ACTUAL EXAM FROM WALL
STREET PREP (NEWEST EXAM!!!)
10-Q's must be filed four times a year for publicly traded
companies. - Answers-False. 10-Q's must be filed only
three times.
Both the 10-K and 10-Q filings are audited. - Answers-
False. Only 10-K filings are audited.
All publicly traded companies and private companies with
revenues greater than $850m must file 10-K's annually
with the SEC. - Answers-False. Private companies do not
need to file 10-K's.
For large accelerated filers, 10-K's must be filed no later
than 90 days after the fiscal year-end date. - Answers-
False. For large accelerated filers, 10-K's must be filed no
later than 60 days after the fiscal year-end date.
,2|Page
For accelerated filers, 10-K's must be filed no later than 90
days after the fiscal year end date. - Answers-False. For
accelerated filers, 10-K's must be filed no later than 60
days after the fiscal year-end date.
These reports cannot contain information not included in
the 10-K. - Answers-False. Annual reports do sometimes
contain information not included in the 10-K.
Part I of the 10-K contains the Management Discussion &
Analysis section, while Part II contains the Financial
statements and Footnotes. - Answers-False. Part I of the
10-K contains the Management Discussion & Analysis
section, while Part II contains the Financial statements
and Footnotes.
In what section of ArchCoal's 2013 10-K did the company
disclose EBITDA?
Item 7. Management discussion & analysis
Item 1. Business
Item 8. Financial Statements and Supplementary Data
Item 6. Selected financial data - Answers-Item 7.
Management discussion & analysis
, 3|Page
In what section of BRE's 2012 10-K did it provide a
complete GAAP Net income to Non-GAAP Core FFO
reconciliation?
Item 6. Selected financial data
Item 7. Management discussion & analysis
Item 1. Business
Item 8. Financial Statements and Supplementary Data -
Answers-Item 7. Management discussion & analysis
The income statement included in a company's 10-K must
show 3 years of results, while the balance sheet must
show 2 years.
False
True - Answers-True
How much "cash and equivalents" did PG have as of June
30, 2013? Please provide your answer in millions without
$ sign or comma separator (Ex: 2345) - Answers-PG had
cash and cash equivalents of $5,947m on its balance
sheet as of June 30, 2013.
