Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 23

In considering interim financial reporting, how does current U.S.GAAP require that such reporting be viewed
a.As a special type of reporting that need not follow generally accepted accounting principles
b.As useful only if activity is evenly spread throughout the year making estimates unnecessary
c.As reporting for a basic accounting period.
d.As reporting for an integral part of an annual period.