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3 years ago

What types of financial statements are publicly traded companies required to file annually with the government

Business

1 answer:

Harrizon [31]3 years ago

3 0

Answer:

Certified Financial Statements including: Two-year audited Balance Sheet, audited Statement of Income and Audited Statement of Cash Flows both for Three-years.

Explanation:

Generally, the report expected from a public traded company (listed on the stock exchange and sells shares to the public) is called a 10-k.

A 10-K represents an annually filed comprehensive report showing the financial performance of an organisation as specified by the Security and Exchange Commission (SEC). The report which is prepared by the Management of the company should contain the following sub sections:

Overview of the Business; Ownership etc.
Risk Factors of the Business
5 years selected financial data
Management Discussion and their analyses based on yearly operations
Financial Statement and Supplementary Data: This must contain the Balance Sheet, The Statement of Income, Statement of Cashflow and then Supplmentary notes to the account. All audited and cetified true and fair by an independent external auditor

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Which of the following is a firm effect that has an impact on the competitive advantage of a firm?

vladimir1956 [14]

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3 years ago

In noting that he had "yet to engage in a direct-action campaign that was ‘well timed,’" martin luther king, jr. , was most like

Mamont248 [21]

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3 years ago

A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set

Natali [406]

Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

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3 years ago

Cullumber Co. receives $343,800 when it issues a $343,800, 10%, mortgage note payable to finance the construction of a building

Katyanochek1 [597]

Answer:

See the journal entries below.

Explanation:

The journal entries will look as follows:

Date Description Debit ($) Credit ($)

31 Dec 20 Cash 343,800

Mortgage note payable 343,800

(To record the issue of mortgage note.)

31 Dec 21 Interest expense (w.1) 34,380

Mortgage note payable (w.2) 22,920

Cash 57,300

(To record the first annual installment on Mortgage note.)

31 Dec 22 Interest expense (w.4) 32,088

Mortgage note payable (w.5) 25,212

Cash 57,300

(To record the second annual installment on Mortgage note.)

Workings:

w.1. Interest expense on December 31, 2021 = Mortgage loan amount * Interest rate = $343,800 * 10% = $34,380

w.2. Principal paid on December 31, 2021 = Annual installment payments - Interest expense on December 31, 2021 = $57,300 - $34,380 = $22,920

w.3 Mortgage loan balance on December 31, 2021 = Mortgage loan amount - Principal paid on December 31, 2021 = $343,800 - $22,920 = $320,880

w.4. Interest expense on December 31, 2022 = Mortgage loan balance on December 31, 2021 * Interest rate = $320,880 * 10% = $32,088

w.5. Principal paid on December 31, 2022 = Annual installment payments - Interest expense on December 31, 2022 = $57,300 - $32,088 = $25,212

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3 years ago

In which of the following approaches of going green does the organization exhibit the least environmental sensitivity?

White raven [17]

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4 years ago