Which of the follgwing statements is dewcowrect? Mitiole choicie Hitevit financiat reports can be based on one month or thice month sccouncing periots. Property plant, and equipment are referred to as plant assets: Wiaf as any 12 consecutive months (or 52 weeks) used by a butiness as its annual accounting petiod: B) An income statement reports revenues eamed less expenses incurred. An unadjusted trial balance is a list of accounts and balances after adjusting entries have been recorded and posted to the ledget