QS $3-1($Algo$)$ Periodic reporting LO C$1$

Choose from the following list of terms and phrases to best complete the statements below.

$1.\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ report on activities within the annual period such as one, three, or six months of activity.

$2.$ The $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ presumes that an organization's activities can be divided into specific time periods.

$3.$ The value of information is often linked to its $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

$4.\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ is the type of accounting that records revenues when products are delivered, and records expenses when incurred.

$5.\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ are accounting reports covering a one$-$year period.