19. What is the difference between the integral theory and the discrete theory with respect to interim financial reporting? 20. Describe the minimum financial information to be disclosed in interim reports under the provisions of FASB ASC Topic 270. 21. Are companies allowed to estimate inventories and gross profit for interim financial statements? Inventories are generally reported at the lower of cost or market. How is this rule implemented for interim financial statements? 22. Describe, in general, the way in which costs that benefit more than one interim reporting period should be handled. 23. Why does FASB ASC 270-10-45-11 require companies to disclose the seasonal nature of their business? 24. Describe how the changes to accounting principles are handled for interim reporting periods. 25. Describe, in general, the required disclosures for interim financial reports