1. As an analyst, it is important to recognize that the balance sheet measures assets, liabilities and equity for: a. same period of time as the income statement b. same period of time as the statement of cash flow c. a point in time measurement (as of a date) and is not for a period of time.
2. Companies that trade stock on a national exchange (for example, the New York Stock Exchange or NASDAQ) are required to file which report for significant events impacting the company, usually within 2-4 business days. a. Form 8-K b. Form 10-Q c. Form 10-K
3. The purpose of Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) refers to a Securities and Exchange Commission reporting requirement to provide: a. Financial Statements b. Notes to the financial statements. c. Managements discussion of significant changes to the financial statement items, including known trends and commitments.