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:

Muscle

tissues in the body that have the ability to contract, causing movement of body parts and organs.

Cytology

The branch of biology that studies the structure, function, and life cycle of cells.

Histology

The examination of tissue structures at the microscopic level.

Pathology

The study of diseases, their causes, processes, development, and consequences.