WallStreet Prep: Analyzing Financial Reports Questions & Complete Solutions

True or false: 10-Q's must be filed four times a year for publicly traded companies. - Correct Answer False; only 3x a year True or False: Both the 10-K and 10-Q filings are audited. - Correct Answer 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. - Correct Answer 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. - Correct Answer 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. - Correct Answer 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. - Correct Answer False Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains the Financial statements and Footnotes. - Correct Answer 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) - Correct Answer 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? - Correct Answer yes; Reconciliation is available in the 8-K PR Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K? - Correct Answer no