All of the Following Are True of Annual Reports EXCEPT

question 50

Multiple Choice

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.

---

Definitions:

Bankruptcy Legislation

Laws and regulations that govern the process through which individuals or businesses unable to meet their debt obligations can seek relief.

Equitable Distribution

A legal principle in divorce law where marital property is divided fairly between the spouses, not necessarily equally.

Recalcitrant Debtors

Individuals or entities that stubbornly refuse to pay debts they owe, despite legal obligations to do so.

Insider

An individual who possesses confidential information about a company, typically due to their position within the company.