Question

What four financial statements can be found in a​ firm's 10-K​ filing? What checks are there on the accuracy of these​ statements?

Every public company is required to produce quarterly and annual financial statements. Those statements​ are:  ​(Select all the choices that​ apply.)
A.The statement of financial position.
B. The income statement.
C. The statement of cash flows.
D. The statement of​ stockholders' equity.
E. The statement of​ stockholders' liabilities.

Answer 1

A.The statement of financial position.

B. The income statement.

C. The statement of cash flows.

D. The statement of​ stockholders' equity.

Step-by-step explanation:

10-K Filing: It is a return that is to be file by the public traded company with a view to give a detail examination of the financial statements.

As financial statements involve income statement, statement of cash flows, statement of​ stockholders' equity which tells that financial statements give a true and accurate picture of the business.

It also determines the financial profitability, performance, liquidity, solvency of the business organization.

So, the statement of​ stockholders' liabilities is an incorrect option as it is not a part of the financial statements.