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:

Ratio

A mathematical expression that represents the relationship between two numbers, showing how many times one value contains or is contained within the other.

Interval Reinforcement

A conditioning schedule where a response is rewarded after a variable amount of time has passed, in behavioral psychology.

Schedule of Reinforcement

A strategy in behavioral psychology determining when and how often a response will be reinforced.

Reinforcement

A process in behavioral psychology that increases the likelihood of a response by adding or removing a stimulus after the behavior.