All of the following are true of annual reports EXCEPT
A) 80% of portfolio managers use annual reports when making decisions.
B) annual reports contain income statements and balance sheets.
C) annual reports contain cash flow statements.
D) annual reports contain all the information found in the 10-K form.
E) annual reports contain notes to the financial statements indicating why certain actions were taken.

Question

Quizplus · Accepted Answer

Annual reports do not contain all the information found in the 10-K form. The 10-K form is a more detailed and comprehensive annual report that includes additional information such as risk factors, legal proceedings, and management discussion and analysis.

All of the Following Are True of Annual Reports EXCEPT