Interim financial statements usually report on a period of time greater than one year.

Name: Interim financial statements usually report on a period of time greater than one year.
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Interim financial statements report on a period of time less than one year. They are usually prepared quarterly (every three months) or semi-annually (every six months) to provide stakeholders with up-to-date financial information during the course of the year.

Interim Financial Statements Usually Report on a Period of Time