a
Introduction: Form 8-K is used to disclose unscheduled material events. SEC issued guidelines for the number of reportable items to be disclosed in form 8-K, timing, and filing requirements. Companies must file form 8-K within four days of the occurrence of the material event.
The purpose, timing, and format of form 8-K, and the role of financial statements in filing the report.
b
Introduction: Form 8-K is used to disclose unscheduled material event. SEC issues guidelines for number of reportable items to be disclosed in form 8-K, timing and filing requirements. Companies must file form 8-K with in four days of occurrence of the material event.
The five of the circumstances under which the SEC requires filing of form 8-K
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Chapter 14 Solutions
ADVANCED FINANCIAL ACCOUNTING IA
- What is the difference between Regulation S–K and Regulation S–X? choose the correct.a. Regulation S–K establishes reporting requirements for companies in their initial issuance of securities whereas Regulation S–X is directed toward the subsequent issuance of securities.b. Regulation S–K establishes reporting requirements for companies smaller than a certain size whereas Regulation S–X is directed toward companies larger than that size.c. Regulation S–K establishes regulations for nonfinancial information filed with the SEC whereas Regulation S–X prescribes the form and content of financial statements included in SEC filings.d. Regulation S–K establishes reporting requirements for publicly held companies whereas Regulation S–X is directed toward private companies.arrow_forwardRegulation S-K: Multiple Choice Controls the listing of securities by stock exchanges. Established requirements for nonfinancial information to be filed with the SEC. Prescribes the form of financial statements to be filed with the SEC. Describes the internal controls a publicly traded company must maintain. Prescribes the financial disclosure information that must be included in filings with the SEC.arrow_forwardWhich of the following is not one of the five primary responsibilities of the Securities and Exchange Commission (the SEC)? A. inform and protect investors B. regulate securities law C. facilitate capital formation D. assure that dividends are paid by corporationsarrow_forward
- Which of the following regulatory events in the 20th century potentially influenced the financial sector? Passing of the Glass-Steagall Act Establishment of the Securities and Exchange Commission (SEC) Establishment of the Federal Reserve Banking System Repeal of the Glass-Steagall Act Securities Investor Protection Act passedarrow_forward20- Which of the following Institutions are compensated via commission after the transaction has been successfully completed for buying or selling securities? a. Brokerages b. Investment Company c. Insurance Companies d. Savings and Loans Associationarrow_forwardProblem 3: Public Companies must file required forms through EDGAR. What are the most important forms, subjected to the reporting provisions of the Securities Act, required to be filed with the SEC? Give detail as to what is included on/in the form.arrow_forward
- What are some SEC regulations regarding sales of new securities?arrow_forward48- Which of the following is the basis for fixing the price of securities in the financial market? a. Government b. The issuer of the Instruments c. Demand and Supply in the Market d. Seller of the Financial Instrumentarrow_forwarded MC Qu. 41-18 Which of the following is not a responsibility... Which of the following is not a responsibility of the Securities and Exchange Commission? Multiple Choice O O O L It is responsible for the enforcement of securities laws. It interprets the securities acts and adopts rules to achieve the purposes of the acts. It is responsible for policing and enforcing the "fairness" doctrine. It regulates the activities of securities brokers, dealers, and advisers. APR 27 m Admit Second reate at least twee AR 66 W rave O pearch questions and/or bumothacac Note: The sull O Xarrow_forward
- Which of the following is not exempt from registration with the SEC under the Securities Act of 1933?a. Securities issued by a nonprofit religious organization.b. Securities issued by a government unit.c. A public offering of $40 million to unaccredited investors under Regulation A.d. An offering to 40 sophisticated investors.arrow_forwardWhat was established as a result of the passage of the Dodd Frank law by Congress to provide incentives to assist in the enforcement of federal securities law violations?arrow_forwardWhat is the role of the Securities and Exchange Commission? Why are securities laws frequently referred to as “full disclosure laws”?arrow_forward
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College
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