Which of the following statements is true?

Multiple Choice

Companies filing financial reports of interim periods of the same fiscal year are not required to repeat disclosures that are made in the

related annual report.

All of the other answer choices are true.

Major events such as discontinued operations should be reported separately in the interim period in which they occur rather than being

allocated among individual quarters within the fiscal year.

EPS calculations for interim reports follow simpler procedures than those required for annual calculations.