Multiple choice, witch one is correct, thank you,

5, Firms that issue registered securities are required to file, with the SEC on an annual basis, which of the following?

A, An annual report.

XB, A form 10-K.

C, A set of financial statements.

D, All of the above.

8, The notes to the financial statements:

A, should be referred to if more than a cursory, and perhaps misleading impression of a firm's financial position and its results of operations is to be achieved.

B, arenotan integral part of the financial statements.

C, include a great deal of detailed information that is potentially useful only to a financial analyst making a detailed appraisal of the future prospects of the entity.

D, are used by many entities to hide information from the reader of the financial statements by including in the notes information that should be shown in detail on the financial statements themselves.

"Accumulated other comprehensive income (loss)":

A, is a component of net income and reported on the income statement.

B, is a component of stockholders' equity and reported on the balance sheet.

C, includes a component that adjusts for the effects of treasury stock transactions.

D, is another name for the cumulative foreign currency translation adjustment.

16, Management's Discussion and Analysis (MD&A):

A, is designed to enhance public disclosure of information about the corporation.

B, is a part of the annual report that should be read by current and potential investors.

C, often includes disclosures concerning non-GAAP financial measures and key D,performance indicators that are used to assess the company's financial and operating results.

E,None of the above.

17,The statement of changes in retained earnings for the year shows:

A, the retained earnings balance at the beginning of the year.

X B, amounts received from the sale of additional common stock during the year.

C, gains or losses from discontinued operations during the year.

D, the effect of a stock split during the year.

19 Top of Form

When common stock has a par value:

X A, the liability of the stockholders is limited to the par value.

B, there will probably be additional paid-in capital on the balance sheet.

C, the market value of the stock will be higher than if there is no par value.

D, the paid-in capital will equal the par value of the number of shares issued.

1, The notes to the financial statements:

X A, are not an integral part of the financial statements.

B, explain the significant accounting policies of the company.

C, usually disclose the amount of the company's bad debts expense.

D, describe management's product development plans for the coming year.