35. inion No. 28 indicates that A) all companies that issue an annual report should issue interim financial reports. ) the discrete view is the most appropriate approach to take in preparing interim financial reports. C) is reported upon D) the three basic financial statements should be presented each time an interim period the same accounting principles used for the annual report should be employed for interim reports 36. How does the accounting profession view interim financial reports? A) As a "special" type of reporting that need not follow generally accepted accounting principles ) As useful only if activity is evenly spread throughout the year so that estimates are unnecessary As reporting for a discrete accounting period C) As reporting for an integral part of an annual period. D) 37. Accounting principles are modified for the following at interim dates. Revenue Losses A) ) C) Yes Yes Yes No No Yes D) No No