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.

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Definitions:

Bile

A substance created in the liver and stored in the gallbladder. Bile is a bitter, yellow-green fluid that is used in the digestion of fats.

Alimentary Canal

The digestive tract from the mouth to the anus, including all the organs involved in digestion and absorption.

Submucosa

The layer of the alimentary canal located between the mucosa and the muscular layer.

Nutrients

Substances obtained from food and used by our bodies for growth, energy, and maintaining health.