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223_Hwk_5_Solutions

223_Hwk_5_Solutions - HA 223 Fall 2006 Homework 5 Solution...

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HA 223 – Fall 2006 – Homework 5 – Solution M5-2. No. Title __ __2_____ Annual report __ __3_____ Form 10-K __ __1_____ Earnings press release Note: Many companies now issue the annual report and the 10-K at the same time. M5-3. Elements of Financial Statements Financial Statements B (1) Liabilities A. Income statement. C (2) Cash from operating activities B. Balance sheet. A (3) Losses C. Cash flow statement B (4) Assets D. None of the above. A (5) Revenues C (6) Cash from financing activities A (7) Gains B (8) Owners' equity A (9) Expenses D (10) Assets personally owned by stockholder
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E5-2. Information Release Definition B (1) Annual report F (2) Form 8-K A (3) Press release E (4) Form 10-Q C (5) Quarterly report D (6) Form 10-K A. Written public news announcement that is normally distributed to major news services. B. Report containing the four basic financial statements for the year, related notes, and often statements by management and auditors. C. Brief unaudited report for quarter normally containing summary income statement and balance sheet (unaudited).
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