WallStreet Prep: Analyzing
Financial Reports Exam/17
Questions and
Answers/Updated
True or false: 10-Q's must be filed four times a year for publicly traded
companies. - -False; only 3x a year
-True or False: Both the 10-K and 10-Q filings are audited. - -False; only
10-K filings are audited
-True or false: All publicly traded companies and private companies
with revenues greater than $850m must file 10-K's annually with the
SEC. - -False
-True or false: For large accelerated filers, 10-K's must be filed no later
than 90 days after the fiscal year-end date. - -False; for large
accelerated filers, 10-Ks must be filed not later than 60 days after the
fiscal year-end date.
-True or false: For accelerated filers, 10-K's must be filed no later than
90 days after the fiscal year end date. - -False; For accelerated filers,
10-K's must be filed no later than 60 days after the fiscal year-end date.
-Companies often produce glossy annual reports.
True or false: These reports cannot contain information not included in
the 10-K. - -False
-Part I of the 10-K contains the Management Discussion & Analysis
section, while Part II contains the Financial statements and Footnotes. - -
False
-It is 4/18/2014. What are the revenues Google reported on its latest
available quarterly financials (use revenues for the latest three
months)? Enter as a positive number in millions without $ sign or
comma separator (Ex: 2345) - -Google reported $15,420 million in
revenues -- Source filing: 4/16/14 8-k
-Did Google eliminate stock-based compensation expense when
calculating its Non-GAAP EPS on its latest available quarterly financials?
- -yes; Reconciliation is available in the 8-K PR
-Does Google provide this GAAP to non-GAAP reconciliation in its latest
10-K? - -no
Financial Reports Exam/17
Questions and
Answers/Updated
True or false: 10-Q's must be filed four times a year for publicly traded
companies. - -False; only 3x a year
-True or False: Both the 10-K and 10-Q filings are audited. - -False; only
10-K filings are audited
-True or false: All publicly traded companies and private companies
with revenues greater than $850m must file 10-K's annually with the
SEC. - -False
-True or false: For large accelerated filers, 10-K's must be filed no later
than 90 days after the fiscal year-end date. - -False; for large
accelerated filers, 10-Ks must be filed not later than 60 days after the
fiscal year-end date.
-True or false: For accelerated filers, 10-K's must be filed no later than
90 days after the fiscal year end date. - -False; For accelerated filers,
10-K's must be filed no later than 60 days after the fiscal year-end date.
-Companies often produce glossy annual reports.
True or false: These reports cannot contain information not included in
the 10-K. - -False
-Part I of the 10-K contains the Management Discussion & Analysis
section, while Part II contains the Financial statements and Footnotes. - -
False
-It is 4/18/2014. What are the revenues Google reported on its latest
available quarterly financials (use revenues for the latest three
months)? Enter as a positive number in millions without $ sign or
comma separator (Ex: 2345) - -Google reported $15,420 million in
revenues -- Source filing: 4/16/14 8-k
-Did Google eliminate stock-based compensation expense when
calculating its Non-GAAP EPS on its latest available quarterly financials?
- -yes; Reconciliation is available in the 8-K PR
-Does Google provide this GAAP to non-GAAP reconciliation in its latest
10-K? - -no
