Western Company Has an Annual Reporting Period That Runs from July

Multiple Choice

Western Company has an annual reporting period that runs from July 1 through June 30.Based on this information,which of the following is a true statement?

A) Western probably has little seasonal variation in their sales.
B) Western has violated the time period principle.
C) Western must prepare financial statements as of December 31 each year.
D) Western has adopted a fiscal year.
E) Western does not have an accountant.