Understanding Form 10-K Filing

Explanation

Form 10-K is the annual report to the SEC. It must be filed within 90 days after the corporation's yearend. It must contain audited statements.

The correct answer is E. Form 10-K is filed annually within 90 days of the end of a company's fiscal year.

Form 10-K is a comprehensive annual report that provides detailed information about a company's financial performance and activities to the Securities and Exchange Commission (SEC) in the United States. It is one of the most important disclosure documents that public companies are required to file with the SEC.

The purpose of Form 10-K is to provide investors and other stakeholders with a complete and accurate picture of the company's financial condition, business operations, and risk factors. It includes a wide range of information, such as audited financial statements, management's discussion and analysis (MD&A) of financial results, information about the company's products or services, details about the company's organizational structure, information about legal proceedings, and much more.

The timing for filing Form 10-K is outlined in the instructions provided by the SEC. Companies are required to file their Form 10-K within 90 days of the end of their fiscal year. For example, if a company's fiscal year ends on December 31st, they must file their Form 10-K by March 31st of the following year.

It's important to note that Form 10-K is different from quarterly reports, which are filed on Form 10-Q. Form 10-Q is filed quarterly within 45 days of the end of each quarter, providing a summary of a company's financial performance for the quarter. Form 10-K, on the other hand, provides a more comprehensive and detailed overview of the company's entire fiscal year.

In summary, Form 10-K is filed annually within 90 days of the end of a company's fiscal year, and it provides a comprehensive report of a company's financial performance and operations to the SEC and the public.