Worldatwork Exam c8 Topic 4 Question 69 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 69
Topic #: 4

[All c8 Questions]

How do quarterly reports most commonly compare to the annual report?

AThe cumulative information on the four quarterly reports adds up to the information on the annual report.

BThe quarterly reports are more detailed. The annual report provides similar data in summary form.

CThe annual report is required and the quarterly reports, while commonly used, are optional.

DThe quarterly reports are not as detailed as annual reports, and might not match due to changing accounting estimates over the year.

Show Suggested Answer

Suggested Answer: B

by Torie at May 09, 2024, 01:35 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

6 days ago

I agree, the quarterly reports are more granular, and the annual report consolidates the data. Gotta love those end-of-year financial deep dives!

upvoted 0 times

...

7 days ago

The correct answer is B. The quarterly reports provide more detailed information, while the annual report summarizes the data.

upvoted 0 times

...

9 days ago

I see both points, but I think the quarterly reports might not match the annual report due to changing accounting estimates.

upvoted 0 times

...

11 days ago

I disagree, I believe the cumulative information on the quarterly reports adds up to the annual report.

upvoted 0 times

...

17 days ago

I think quarterly reports are more detailed than annual reports.

upvoted 0 times

...