Question: What does the phrase At January 1, 2012 on the balance sheet tell you about the company's accounting cycle? ANSWER Unselected It tells you nothing

What does the phrase "At January 1, 2012" on the balance sheet tell you about the company's accounting cycle? ANSWER Unselected It tells you nothing about the company's accounting cycle. Unselected The company's accounting cycle begins on January 1, 2012. Unselected The company's accounting cycle is one day. Unselected The company's accounting cycle ends on January 1, 2012 Unselected I DON'T KNOW YET

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