Interim financial statements refer to financial reports:

Multiple Choice

That cover less than one year, usually spanning one, three, or six$-$month periods.

That are prepared before any adjustments have been recorded.

That show the assets above the liabilities and the liabilities above the equity.

Where revenues are reported on the income statement when cash is recelved and expenses are reported when cash is paid.

That show assets and llabilities, but not equity.