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    PracticeCPA®CPA FAR Practice Exam 3Question 14
    Medium1 markMultiple Choice
    Area I: Financial ReportingFARFinancial ReportingSEC Reporting

    CPA · Question 14 · Area I: Financial Reporting

    Which of the following items is required to be disclosed in Part II, Item 8 of Form 10-K filed with the SEC?

    Answer options:

    A.

    Audited Financial Statements and Supplementary Data

    B.

    Management's Discussion and Analysis (MD&A)

    C.

    Risk Factors

    D.

    Legal Proceedings

    How to approach this question

    Memorize the key items of Form 10-K. Item 1: Business. Item 1A: Risks. Item 7: MD&A. Item 8: Financial Statements.

    Full Answer

    A.Audited Financial Statements and Supplementary Data✓ Correct
    A
    Form 10-K, Part II, Item 8 contains the Financial Statements and Supplementary Data. Item 7 is MD&A. Item 1A is Risk Factors.

    Common mistakes

    Confusing Item 7 (MD&A) with Item 8 (FS).
    Question 13All questionsQuestion 15

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