The annual report is a regular activity of public firms and is sent to current owners (shareholders) and the SEC, and is also made available to prospective owners, financial analysts, and others interested in a company's performance
Name four of the major sections contained.
What will be an ideal response?
Answer: The annual report usually contains a minimum of nine sections (with more components of the report available on the company's Web site). The nine components are: (1) Company Highlights, (2) President's Letter to the Shareholders, (3) Description of the Company's activities (usually with pictures and graphs), (4) Management's Analysis of the company's performance, (5) The Primary Financial Statements, (6) Notes to Financial Statements, (7) Auditor's Report, (8) Financial Ratios , and (9) Corporate Information.
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Economists often use cross-elasticity of demand as an indicator of substitutability
Indicate whether the statement is true or false
When a stock dividend is distributed, the account to be debited would be
a. Capital Stock; b. Stock Dividends Distributable; c. Paid-In Capital in Excess of Par; d. Retained Earnings; e. Common Stock
What information is provided by a record layout diagram?