Which of the following statements is not correct concerning summary annual reports?
a. A summary annual report omits much of the financial information included in an annual report.
b. When a company issues a summary annual report, the proxy materials it sends to shareholders must include a set of fully audited statements and other required financial disclosures.
c. A summary annual report generally has more nonfinancial pages than financial pages.
d. A summary annual report is adequate for reasonable analysis.
e. The concept of a summary annual report was approved by the Securities and Exchange Commission.
D
You might also like to view...
Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of the firm. Which term applies to this granting of authority?
A. Straight B. Cumulative C. Consent-form D. Proxy E. In absentia
Which of the following defines the term "equity" as used in real estate transactions?
a. the owner's interest in real property over and above valid liens against it b. the difference between the fair market value or price of the property and the loan indebtedness against it c. the down payment on the property made at the time of the purchase. d. any of the above