Question

Which of the following statements is true regarding Form 10-Q?

a) It is an audited quarterly financial statement.
b) The SEC requires this form of all corporations,
c) This form must be filed only when there is a substantial change in the corporation.
d) All public companies must file this unaudited financial statement quarterly.
e) More than one of the above is true.

Answer 1

Form 10-Q is an unaudited financial statement that all public companies must file quarterly with the SEC.

Step-by-step explanation:

The correct statement regarding Form 10-Q is d) All public companies must file this unaudited financial statement quarterly.

Form 10-Q is a quarterly report filed by public companies with the Securities and Exchange Commission (SEC). It provides unaudited financial statements and other important information about the company's financial position, results of operations, and cash flows. It is a requirement for all public companies to file Form 10-Q on a quarterly basis.

Statements a), b), and c) are incorrect. Form 10-Q is unaudited, not audited. The SEC requires Form 10-Q from public companies, not all corporations. And Form 10-Q must be filed quarterly, not only when there is a substantial change in the corporation.