Question

For each of the following situations, identify the type of form to be filed with the SEC for disclosure purposes (2 points): (A) Form 10-K (B) Form 10-Q (C) Form 8-K (D) Not required ___ 1. A unique or significant happening. ___ 2. Annual information required by Regulation S-X. ___ 3. Changes in control of the registrant. ___ 4. Interim financial statements. ___ 5. Fourth quarter income statement. ___ 6. Bankruptcy. ___ 7. Annual information required by Regulation S-K. ___ 8. Income statement for the current quarter, year-to-date, and comparative periods in the previous year. ___ 9. Changes in bookkeeping staff. ___ 10. Changes in the registrant's independent auditor.

Answer 1

Answer:

1. Form 8-K : A unique or significant happening.

2. Form 10-K: Annual information required by Regulation S-X.

3. Form 8-K: Changes in control of the registrant.

4. Form 10-Q: Interim financial statements.

5. Not required: Fourth quarter income statement.

6. Form 8-K: Bankruptcy.

7. Form 10-K: Annual information required by Regulation S-K.

8. Form 10-Q: Income statement for the current quarter, year-to-date, and comparative periods in the previous year.

9. Not required: Changes in bookkeeping staff.

10. Form 8-K: Changes in the registrant's independent auditor.

Explanation:

The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.

Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;

1. Form 10-K.

2. Form 10-Q.

3. Form 8-K.