Wallstreet Prep: Analyzing Financial Reports Exam Questions (17 Terms) With Verified Definitions Updated 2024

True or false: All publicly traded companies and private companies with revenues greater than $850m must file 10-K's annually with the SEC. {Ans: False}True or False: Both the 10-K and 10-Q filings are audited. {Ans: False; only 10-K filings are audited}Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K? {Ans: no}Companies often produce glossy annual reports. True or false: These reports cannot contain information not included in the 10-K. {Ans: False}It is 1/15/2014. What is Apple's latest available actual share count? Please provide your answer without comma separator or decimal (Ex: 23456326563) {Ans: 892,553,950 - Source filing: 1/10/14 DEF 14A}Did Google eliminate stock-based compensation expense when calculating its Non-GAAP EPS on its latest available quarterly financials? {Ans: yes; Reconciliation is available in the 8-K PR}True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the fiscal year-end date. {Ans: False; for large accelerated filers, 10-Ks must be filed not later than 60 days after the fiscal year-end date.}Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains the Financial statements and Footnotes. {Ans: False}It is 4/18/2014.