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, which is a more comprehensive report filed with the Securities and Exchange Commission (SEC). While annual reports may include some information found in the 10-K form, they generally provide a summary of the company's performance and financial position for the year.

All of the Following Are True of Annual Reports EXCEPT