In Considering Interim Financial Reporting, How Does APB Opinion No

Multiple Choice

In considering interim financial reporting, how does APB Opinion No. 28 conclude that such reporting should be viewed?

A) As reporting for a basic accounting period
B) As useful only if activity is evenly spread throughout the year so that estimates are unnecessary
C) As a "special" type of reporting that need not follow generally accepted accounting principles
D) As reporting for an integral part of an annual period