How Does GAAP View Interim Accounting Periods

Multiple Choice

How does GAAP view interim accounting periods?

A) As discrete units for which net income may be separately determined
B) As integral units of the entire year for which each interim period is an essential part of an annual period
C) As integral units of the entire year with each interim period as an independent accounting period
D) As discrete units of the entire year using the same principles that are applied to the annual period