WallStreet Prep: Analyzing Financial Reports
Exam Questions and Answers
True or false: 10-Q's must be filed four times a year for publicly traded companies.
False; only 3x a year
True or False: Both the 10-K and 10-Q filings are audited.
False; only 10-K filings are audited
True or false: All publicly traded companies and private companies with revenues greater than $850m
must file 10-K's annually with the SEC.
False
True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the fiscal
year-end date.
False; for large accelerated filers, 10-Ks must be filed not later than 60 days after the fiscal year-end
date.
True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal year end
date.
False; For accelerated filers, 10-K's must be filed no later than 60 days after the fiscal year-end date.
Companies often produce glossy annual reports.
True or false: These reports cannot contain information not included in the 10-K.
False
Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains the
Financial statements and Footnotes.
False
It is 4/18/2014. What are the revenues Google reported on its latest available quarterly financials (use
revenues for the latest three months)? Enter as a positive number in millions without $ sign or comma
separator (Ex: 2345)
Google reported $15,420 million in revenues -- Source filing: 4/16/14 8-k
Did Google eliminate stock-based compensation expense when calculating its Non-GAAP EPS on its
latest available quarterly financials?
yes; Reconciliation is available in the 8-K PR
Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K?
no
It is 4/18/2014. What is Google's latest available actual share count (include both classes)? Please
provide your answer without comma separator or decimal (Ex: 23456326563)
Answer: 280,844,569 + 55,800,053 = 336644622 - date is March 17, 2014, per the March 28 2014
proxy.
Exam Questions and Answers
True or false: 10-Q's must be filed four times a year for publicly traded companies.
False; only 3x a year
True or False: Both the 10-K and 10-Q filings are audited.
False; only 10-K filings are audited
True or false: All publicly traded companies and private companies with revenues greater than $850m
must file 10-K's annually with the SEC.
False
True or false: For large accelerated filers, 10-K's must be filed no later than 90 days after the fiscal
year-end date.
False; for large accelerated filers, 10-Ks must be filed not later than 60 days after the fiscal year-end
date.
True or false: For accelerated filers, 10-K's must be filed no later than 90 days after the fiscal year end
date.
False; For accelerated filers, 10-K's must be filed no later than 60 days after the fiscal year-end date.
Companies often produce glossy annual reports.
True or false: These reports cannot contain information not included in the 10-K.
False
Part I of the 10-K contains the Management Discussion & Analysis section, while Part II contains the
Financial statements and Footnotes.
False
It is 4/18/2014. What are the revenues Google reported on its latest available quarterly financials (use
revenues for the latest three months)? Enter as a positive number in millions without $ sign or comma
separator (Ex: 2345)
Google reported $15,420 million in revenues -- Source filing: 4/16/14 8-k
Did Google eliminate stock-based compensation expense when calculating its Non-GAAP EPS on its
latest available quarterly financials?
yes; Reconciliation is available in the 8-K PR
Does Google provide this GAAP to non-GAAP reconciliation in its latest 10-K?
no
It is 4/18/2014. What is Google's latest available actual share count (include both classes)? Please
provide your answer without comma separator or decimal (Ex: 23456326563)
Answer: 280,844,569 + 55,800,053 = 336644622 - date is March 17, 2014, per the March 28 2014
proxy.
