Financial statements may be prepared for which time period?
A)One year.
B)Less than one year.
C)More than one year.
D)Any time period.

Question

Quizplus · Accepted Answer

Financial statements can be prepared for any time period, whether it is for a month, a quarter, a year, or multiple years. The time period will depend on the needs of the users of the financial statements and the availability of financial data.

Financial Statements May Be Prepared for Which Time Period