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.

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Definitions:

Wary

Being cautious and alert to potential dangers or problems; having a sense of carefulness.

Toys

Objects designed for play, typically used by children to stimulate imagination and develop physical or cognitive skills.

Social And Emotional Maladjustment

Difficulties in managing personal feelings and social relationships, often leading to behavior that does not conform to societal norms or expectations.

Disorganized-Disoriented

A classification in attachment theory describing a lack of a coherent strategy for dealing with separations and reunions with a caregiver.