CPA Exam — REG (Regulation)Business LawMedium
A publicly traded company, Innovate Corp., is subject to the Securities Exchange Act of 1934. Innovate Corp. is preparing its quarterly financial statements. Which of the following forms is Innovate Corp. required to file with the SEC for its quarterly financial report?
- AForm 10-K
- BForm 8-K
- CForm 10-Q
- DForm S-1
Show answer & explanationAnswer & explanation
Correct answer: C. Form 10-Q
Form 10-Q is the quarterly report required to be filed by public companies with the SEC, providing a continuing view of the company's financial position and operations.
Why the other options are wrong
- A. Form 10-K is the annual report, not quarterly.
- B. Form 8-K is used for reporting current material events, not routine quarterly financials.
- D. Form S-1 is a registration statement for initial public offerings, not a periodic report.
SEC Form 10-Q
A comprehensive quarterly financial report submitted by public companies to the U.S. Securities and Exchange Commission (SEC).
- Required under the Securities Exchange Act of 1934.
- Provides a continuing view of the company's financial position.
- Due 40 or 45 days after the end of the first three fiscal quarters (depending on company size).
Memory trick: K-Q-8: Know Your Quarterly and Event Filings.