Question: 25) How does the accounting profession view interim financial reports? A) As reporting for a discrete accounting period B) As useful only if the activity

25) How does the accounting profession view interim financial reports? A) As reporting for a discrete accounting period B) As useful only if the activity is evenly spread throughout the year so that estimates are unnecessary C) As reporting for an integral part of an annual period D) As a "special" type of reporting that need not follow generally accepted accounting principles

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