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A span such as a month, a quarter or a year used to report results is an accounting:
APenalty
BPremium
CPosition
DPeriod
Answer & Solution
Correct answer: D. Period
1. Financial information has to be cut into comparable spans.
2. Each span carries its own revenues and expenses.
3. That span is an accounting period.
_Source: OpenStax Principles of Financial Accounting, Chapter 4, The Adjustment Process._
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