Using SEC Information An investor has recently obtained Martel Corporations annual report for the year ended December

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Using SEC Information An investor has recently obtained Martel Corporation’s annual report for the year ended December 31, 2000, a registration statement filed with the SEC on January 1, 2000, prior to issuing a new Series B Preferred Stock, the Forms 10-Q filed at the end of each quarter, and several Forms 8-K filed by Martel Corporation during 2000.

a. Which form is filed with the SEC to inform the public a company has fired its auditor? Why might it be very important that investors be informed within 15 days that the company has fired its auditor?

b. Which of the reports must be filed with the SEC before new securities can be issued? Why is the information contained in this filing much more comprehensive than in other filings with the SEC?

c. Which of the reports contains information on sales and operating profit for the first 3 months of 2000? Since only one-fourth of the year has passed, why is it important this information be made available?

d. Which of the above is expected to contain a discussion and analysis by management of the company’s operating results and financial position? What does management's discussion and analysis provide that is not already evident by reading the financial statements?

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Financial Accounting A Decision Making Approach

ISBN: 9780471328230

2nd Edition

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

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