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Which of the following is not a time period commonly used by companies in reporting accounting information?

1) year
2) fourteen-month interval
3) quarter
4) month
5) six-month interval

User Saschpe
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1 Answer

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Final answer:

A fourteen-month interval is not a common reporting period for companies. Standard periods are a year, a quarter, a month, and a six-month interval, all of which align with fiscal and calendar years and are used for comparability.

Step-by-step explanation:

The time period which is not commonly used by companies in reporting accounting information is a fourteen-month interval. Companies typically report their financial performance in standardized time frames that are recognized for consistency and comparability purposes. Common reporting periods include a year (annual report), a quarter (three-month interval, with four quarters making up a full year), a month, and sometimes a six-month interval (semi-annual report).

These intervals align with investing, tax reporting, and economic cycles. A year or quarter is consistent with fiscal and calendar years, while monthly reports can help with more frequent management decisions and oversight. The fourteen-month interval is unusual and does not match the typical cycles used by businesses and investors, nor does it aid in comparability with other entities reporting on a 12-month calendar.

User M Vignesh
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