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1.
In a company's annual report, the _______ includes predictions for the future.
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Chairperson's letter. This letter also covers the high points of the past year's business.
2.
A company's quarterly report is more comprehensive than its annual report.
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False. The quarterly report contains less information.
3.
What part of a company's annual report confirms the accuracy of the information in it?
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The auditor's letter. The auditor studies the information in the report and confirms its accuracy.
4.
Where can you find a public company's annual report if not from the company itself?
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The Internet. The Securities and Exchange Commission's EDGAR database and The American Association of Individual Investors are just a few of the Internet sources that provide this information.
5.
All corporations must provide their shareholders with information on business operations.
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True. Law requires it.