Form 10-K

Examples of Form 10-K in the following topics:

• The Disclosure Process

  • The process of disclosing financial statements is carried out through what is known as a Form 10-K.
  • The process of disclosing financial statements is carried out through what is known as a Form 10-K.
  • In addition to the 10-K, which is filed annually, a company is also required to file quarterly reports on Form 10-Q.
  • Historically, a Form 10-K had to be filed with the SEC within 90 days after the end of the company's fiscal year.
  • Define and outline the annual report known as a Form 10-K.

• Flow of Inventory Costs

  • A canned food manufacturer's materials inventory includes the ingredients to form the foods to be canned, empty cans and their lids (or coils of steel or aluminum for constructing those components), labels, and anything else (solder, glue, etc.) that will form part of a finished can.
  • Purchase date: 10/1/12 -- 10 units at a cost of USD 5
  • Purchase date: 10/5/12 -- 5 units at a cost of USD 6
  • When the sale is made, it is assumed that the 10 units purchased on 10/1/12 (the sale eliminates this inventory layer) and 1 unit purchased on 10/5/12 were sold
  • Purchase date: 10/1/12 -- 10 units at a cost of USD 5

• Accounting for Interest Earned and Principal at Maturity

  • Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets.
  • If a company paid $10,000 for 8% bonds, a journal entry is required to record the payment of principal at maturity.

• Accounts Payable

  • A/P is a form of credit that suppliers offer to their customers by allowing them to pay for a product or service after it has been received.
  • For example, the 2/10 Net 30 term means that the seller will deduct 2% from the invoice total if payment is made within 10 days and the invoice must be paid within 30 days.

• Limited-Life Impairment

  • A software company has a patent valued at $10 million with a useful life of 40 years.
  • The two primary forms of intangibles are legal intangibles, which includes trade secrets, copyrights, patents, and trademarks (also referred to as Intellectual Property) and competitive intangibles, which includes knowledge activities, collaboration activities, leverage activities, and structural activities.

• Characteristics of Intangible Assets

  • Intangible assets are identified separately on a company's financial statements, and come in two primary forms: legal intangibles and competitive intangibles.
  • Company $X$ is a car dealership with assets consisting of 10 cars valued at $100,000, an office valued at $150,000, and long-term debt valued at $25,000.