6. Within four days after any event of material importance to the shareholders occurs, a company must file a form 8-K with the SEC to disclose the event. Which of these events does not require a company to file a form 8-K? A. Acquisition or disposition of a significant amount of assets B. Change in certifying public accountants C. Election of new vice president of finance to replace the retiring incumbent D. The purchase of bank certificates of deposit
Added by Bianca N.
Close
Step 1
Form 8-K is used to report significant events that could affect a company's financial condition or operations. Show more…
Show all steps
Your feedback will help us improve your experience
Breanna Ollech and 91 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
65.What was the motivation behind the Securities Act 1933 requiring firms to issue a prospectus? a. To encourage more firms to go public. b. To simplify the reporting process. c. to mitigate fraud in the equity markets. d. To promote more private placement offerings.
Breanna O.
Which of the following is the federal, independent agency that provides oversight of public companies to maintain fair representation of company financial activities for investors to make informed decisions? A. IRS (Internal Revenue Service) B. SEC (Securities and Exchange Commission) C. FASB (Financial Accounting Standards Board) D. FDIC (Federal Deposit Insurance Corporation)
The Adjustment Process
Explain the Concepts and Guidelines Affecting Adjusting Entries
You completed the fieldwork for the December 31, 2019 audit of Dewman Industries on February 15, 2020 and mailed the completed statements with auditor's report on March 1, 2020. For this highly material event, indicate the appropriate action from the alternatives listed below. On February 13, 2020, you discovered that a debtor of Dewman Industries went bankrupt on February 6, 2020, for a sale that took place on January 8, 2020. The cause of the bankruptcy was a major uninsured explosion on January 29, 2020. Disclose the information in the December 31, 2019 financial statements. Adjust the December 31, 2019 financial statements. Request the client to recall the December 31, 2019 financial statements. No action is required.
Akash M.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD