Assume that a company has a calendar year of January 1,2018-December 31,2018.March 15,2019 was the end of the period for gathering information pertaining to the financial statements.The financial statements were authorized for issue on March 24,2019.
What is the cut off point for the "recognition" of transactions and events in a reporting period?

Question

Quizplus · Accepted Answer

A)The beginning of the fiscal period
B)The end of the subsequent events period
C)Date the financial statements are authorized for issue
D)The end of the fiscal period

Assume That a Company Has a Calendar Year of January