Which of the Following Observations Is True of the Discrete

question 29

Multiple Choice

Which of the following observations is true of the discrete view of interim reporting?

• A)An interim period is viewed as an installment of an annual period.
• B)Recognition and adjustment of certain income or expense items may be affected by judgments about the expected results of the entire year's operations.
• C)Each interim period is considered as a basic accounting period to be evaluated as if it were an annual accounting period.
• D)One interim period would not bear the entire expense that benefits more than one interim period.

---

Definitions:

Equal Wages

The principle or practice of paying the same salary to employees in the same position and qualifications, regardless of gender, ethnicity, or other discriminatory factors.

Equal Pay Act

A federal law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Substantially Equal Work

A principle in employment law that requires employees performing jobs that require substantially similar skill, effort, and responsibility to be paid equally, regardless of gender or other discriminatory bases.

Pay Scales

A structure of job positions and salaries within an organization, often determined by experience, education, and responsibility level.