As fiscal periods become shorter, the application of certain accounting methods become:
A)more arbitrary and subjective.
B)more objective.
C)more accurate.
D)more conservative.

Question

Quizplus · Accepted Answer

As fiscal periods become shorter, there may be less time to gather all the necessary information and data, which can result in more arbitrary and subjective decisions when applying accounting methods. This is because there may be less time for thoughtful analysis and consideration of all available options. Therefore, option A is the correct answer.

As Fiscal Periods Become Shorter, the Application of Certain Accounting