The Securities Exchange Act of 1934 requires any firm that is listed on one of the national exchanges to file annual reports (Form 10 K), financial statements, and quarterly reports (Form 10 Q) with the Securities and Exchange Commission (SEC). This exercise demonstrates how to search and access available SEC filings through the Internet. Journalize entries for notes receivable. (SO 7, 8) Journalize entries for notes receivable transactions. (SO 6, 7) Journalize entries to record transactions related to bad debts. (SO 2, 3)
Instructions
Answer the following questions:
(a) Which SEC filings were available for the company you selected?
(b) In the company’s quarterly report (SEC Form 10 Q), what was one key point discussed in the “Management’s Discussion and Analysis of Results of Operations and Financial Condition”?
(c) What was the net income for the period selected?