MC Qu. 59 Western Company has an annual reporting...
Western Company has an annual reporting period that runs from July 1 through June 30. Based on this information, which of the following is a true statement?
| Western probably has little seasonal variation in their sales. | |
| Western has violated the time period principle. | |
| Western must prepare financial statements as of December 31 each year. | |
 | Western has adopted a fiscal year. |
| Western does not have an accountant. |
