ExpertMedium1 markMultiple Choice
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?
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
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).
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