Which of the following represents the approach to interim reporting favored by APB Opinion No. 28?
A)The integral view
B)Disjointed view
C)The discrete view
D)The linked view

Question

Quizplus · Accepted Answer

APB Opinion No. 28 favors the integral view approach to interim reporting, which treats interim periods as integral parts of the annual period and requires financial information to be reported on a cumulative year-to-date basis. This approach provides a more complete picture of the company's financial performance and condition.

Which of the Following Represents the Approach to Interim Reporting