Select the correct answer for each of the following questions.

1. Form \(10-\mathrm{K}\) is filed with the SEC to update the information a company supplied when filing a registration statement under the Securities and Exchange Act of 1934 . Form \(10-\mathrm{K}\) is a report that is filed:

a. Annually within 90 days of the end of a company's fiscal year.

b. Semiannually within 30 days of the end of a company's second and fourth fiscal quarters.

c. Quarterly within 45 days of the end of each quarter.

d. Monthly within 2 weeks of the end of each month.

e. Within 15 days of the occurrence of significant events.

2. Regulation S-X disclosure requirements of the Securities and Exchange Commission (SEC) deal with:

a. Changes in and disagreements with accountants on accounting and financial disclosure.

b. Management's discussion and analysis of the financial condition and the results of operations.

c. The requirements for filing interim financial statements and pro forma financial information.

d. Summary information, risk factors, and the ratio of earnings to fixed charges.
\(e\). Information concerning recent sales of unregistered securities.
3. Form \(10-\mathrm{Q}\) is filed with the SEC to keep both investors and experts apprised of a company's operations and financial position. Form \(10-\mathrm{Q}\) is a report that is filed within:

a. 90 days after the end of the fiscal year covered by the report.

b. 45 days after the end of each of the first three quarters of each fiscal year.

c. 90 days after the end of an employee stock purchase plan fiscal year.

d. 15 days after the occurrence of a significant event.

e. 60 days after the end of the fiscal year covered by the report.
4. The SEC has substantially increased the disclosure requirements on Form \(10-\mathrm{Q}\) quarterly reports to the point where all but one of the following items must be disclosed. Select the item that need not be filed with the quarterly \(10-\mathrm{Q}\).

a. Signature of either the chief financial officer or chief accounting officer.

b. Management analysis of reasons for material changes in the amount of revenue and expense items from one quarter to the next.

c. In case of a change in accounting principle, a letter indicating that the public accountant believes the new principle is preferable for measuring business operations.

d. Income statements for the most recent quarter, the equivalent quarter from the preceding year, and year-to-date data for both years.

e. A statement by the public accountant that he or she has reviewed the financial data in Form \(10-\mathrm{Q}\) and that all necessary adjustments are reflected in the statements.
5. A significant event affecting a company registered under the Securities and Exchange Act of 1934 should be reported on:

a. Form \(10-\mathrm{K}\).

b. Form 10-Q.

c. Form S-1.

d. Form \(8-\mathrm{K}\).

e. Form 11-K.
6. Within 15 days after the occurrence of any event that is of material importance to the stockholders, a company must file a Form 8 - \(\mathrm{K}\) information report with the \(\mathrm{SEC}\) to disclose the event. An example of the type of event required to be disclosed is:

a. A salary increase to the officers.

b. A contract to continue to employ the same certified public accounting firm as in the prior year.

c. A change in projected earnings per share from \(\$ 12.00\) to \(\$ 12.11\) per share.

d. The purchase of bank certificates of deposit.
\(e\). The acquisition of a large subsidiary other than in the ordinary course of business.
7. Form 8 -K must generally be submitted to the SEC within 15 days after the occurrence of a significant event. Which one of the following is not an event that would be reported by Form \(8-\mathrm{K}\) ?

a. The replacement of the registrant company's external auditor.

b. A material change in accounting principle.

c. The resignation of one of the directors of the registrant company.

d. A significant acquisition or disposition of assets.

e. A change in control of the registrant company.
8. Which one of the following items is not required to be included in a company's periodic \(8-\mathrm{K}\) report filed with the SEC when significant events occur?

a. Acquisition or disposition of a significant amount of assets.

b. Instigation or termination of material legal proceedings other than routine litigation incidental to the business.

c. Change in certifying public accountant.

d. Election of new vice president of finance to replace the retiring incumbent.
\(e\). Default in the payment of principal, interest, or sinking fund installment.