Financial statements that are prepared for a period shorter than a year are called:
A)accounting period statements.
B)fiscal year statements.
C)interim statements.
D)operating statements.

Question

Quizplus · Accepted Answer

Financial statements that are prepared for a period shorter than a year are called interim statements. These statements are usually prepared quarterly or semi-annually and provide an update on the company's financial position and performance between annual financial statements.

Financial Statements That Are Prepared for a Period Shorter Than