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  3. in defining a reporting period, which of the follo

In defining a reporting period, which of the following statements is (are) correct? Multiple select...

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Accounting

In defining a reporting period, which of the following statements is (are) correct? Multiple select question.

  1. A reporting period is used to determine the due date of payables.
  2. A reporting period is determined by the business.
  3. A reporting period can be one month, one quarter or one year
  4. A one-year reporting period is known as the fiscal year.
  5. A reporting period refers to each day in the calendar year.

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