In considering interim financial reporting,how does FASB ASC Topic 270 conclude that such reporting should be viewed?

Question

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FASB ASC Topic 270 concludes that interim financial reporting should be viewed as reporting for an integral part of an annual period. This means that the interim financial statements should be viewed as a continuation of the annual financial statements with adjustments made for any changes in circumstances that have occurred since the end of the previous fiscal year. Therefore, the interim financial statements should be prepared in accordance with the same accounting principles used for the annual financial statements.

In Considering Interim Financial Reporting,how Does FASB ASC Topic 270