A Form Filed with the SEC When a Company Changes

question 53

Multiple Choice

A form filed with the SEC when a company changes auditors is a:

• A)Form 8-K.
• B)Form 10-K.
• C)Form S-1.
• D)Form B-1.

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Definitions:

Permanent

Refers to accounts or records in accounting that are not closed at the end of the accounting period and are carried over into the next period.

Temporary

Pertains to something not permanent or lasting only for a limited period of time.

General Journal

A primary accounting record used to record all types of transactions not assigned to any specialized journal.

Permanent

In the context of accounting, refers to accounts that are not closed at the end of the accounting period, such as asset, liability, and equity accounts.