Public Company Reporting Topics

Question 1

Filing Deadline for 10k

Answer 1

• Large Accelerated: 700 mill or more, 60 days
• Accelerated: more than 75 but less than 700, 75 days
• Nonaccelerated: less than 75 mill, 90 days

Question 2

Filing Deadline for 10q

Answer 2

• Large Accelerated: 700 mill or more, 40 days
• Accelerated: more than 75 but less than 700, 40 days
• Nonaccelerated: less than 75 mill, 45 days

Question 3

Report for Significant Events

Answer 3

Form 8-K

Question 4

Regulations S-X and S-K

Answer 4

• S-X governs form and content of financial stuff

- S-K governs form and content of nonfinancial stuff

Question 5

Dividends Subtracted from EPS

Answer 5

• The annual dividend commitment on cumulative preferred whether or not declared or paid
• Declared dividends on noncumulative preferred whether paid or not

Question 6

Effect of purchasing treasury stock on EPS

Answer 6

Because purchasing treasury stock lowers the number of common shares, it decreases the denominator in EPS formula, therefore increasing EPS

Question 7

10% threshold for Segment are based on what 3 things

Answer 7

• Revenues
• Operating income
• Assets

Question 8

Interim Income Tax expense

Answer 8

Add up all periods income and multiply by tax rate then subtract previous period income tax expense

Question 9

Temporary Decline that is reverse - interim statements

Answer 9

Record the decline in period it happens and when it reverses, the increase happens can’t exceed the decline and it is recognized in the period it happened in

Question 10

Temporary Decline that doesn’t reverse - interim statements

Answer 10

They are recognized in the 4th quarter

Question 11

Note about segment reporting and liabilities

Answer 11

Liabilities aren’t considered in segment reporting

Question 12

Where is EPS reported

Answer 12

• Shown on the face of the income statement
• Income from continuing operations
• Net Income
  Face or in the notes for discontinued operations