BUS103: Introduction to Financial Accounting

Item 1 - "Business" requires a description of the company's business, including its main products and services, what subsidiaries it owns, and what markets it operates in. This section may also include information about recent events, competition the company faces, regulations that apply to it, labor issues, special operating costs, or seasonal factors. This is a good place to start to understand how the company operates.

Item 1A - "Risk Factors" includes information about the most significant risks that apply to the company or to its securities. Companies generally list the risk factors in order of their importance. In practice, this section focuses on the risks themselves, not how the company addresses those risks. Some risks may be true for the entire economy, some may apply only to the company's industry sector or geographic region, and some may be unique to the company.

Item 1B - "Unresolved Staff Comments" requires the company to explain certain comments it has received from the SEC staff on previously filed reports that have not been resolved after an extended period of time. Check here to see whether the SEC has raised any questions about the company's statements that have not been resolved.

Item 2 - "Properties" includes information about the company's significant properties, such as principal plants, mines, and other materially important physical properties.

Item 3 - "Legal Proceedings" requires the company to include information about significant pending lawsuits or other legal proceedings, other than ordinary litigation.

Item 4 - This item has no required information, but is reserved by the SEC for future rulemaking.