In considering interim financial reporting, how did the Accounting Principles Board conclude that such reporting should be viewed? a. As useful only if activity is evenly spread throughout the year so...

In considering interim financial reporting, how did the Accounting Principles Board conclude that such reporting should be viewed?

a. As useful only if activity is evenly spread throughout the year so that estimates are unnecessary.

b. As a “special” type of reporting that need
not
follow generally accepted accounting principles.

c. As reporting of an integral part of an annual period.

d. As reporting of a basic accounting period.