The term "articulation"
A) requires that asset decreases (expenses)be matched with asset increases (revenues).
B) refers to the requirement that separate financial statements be prepared for separate entities.
C) means that a business's financial statements are prepared for specified periods of time.
D) indicates that there are interrelationships among a business's financial statements.

Question

Quizplus · Accepted Answer

"Articulation" indicates that there are interrelationships among a business's financial statements. This means that the financial statements are connected and linked together in a way that provides a complete picture of the business's financial performance and position. The balance sheet, income statement, and cash flow statement are the primary financial statements that are articulated together to provide a comprehensive view of the business's financial health.

The Term "Articulation