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<<I have come across the terms "10K" and "10Q" when reading about financial statements. Forgive me of my ignorance but I'm not sure what these terms mean.

Once a year, every publicly traded company in America issues an annual report and along with it a 10-K report, full of very detailed discussions ofvthe business and financial statements.

In the three quarters between 10-Ks, the companies issue 10-Q reports, when they announce their earnings. These are slimmer, but they contain the main financial statements - Balance sheet, Income Statement, Statement of Cash Flows.

So here's a sample year:

June: 10-Q (1st Quarter)
September: 10-Q (2nd quarter)
December: 10-Q (3rd Quarter)
March: 10-K and annual report (4th quarter)

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