1. Since companies use computers for their financial reporting why should it take more than 30 days to file financial statements? Do you think the filing period should be less? Explain why. 2. Adjusting entries do not have source documents (e.g. cancelled check, purchase order) for support. Adjusting entries are therefore an activity subject to error and manipulation. Identify two factors that mitigate the possibility of this error or manipulation 3. Identify two publicly traded companies. How long did it take these companies to file their most recent 10-K reports with the SEC? Do you think companies will file earlier or later when they have bad financial news to report? Explain your reasoning