Choose from the following list of terms and phrases to best complete the statements below.
1. A(n) ______ consists of any 12 consecutive months.
2. ______ report on activities within the annual period such as one, three, or six months of activity.
3. The ______ presumes that an organization's activities can be divided into specific time periods.
4. The value of information is often linked to its ______
5. ______ is the type of accounting that records revenues when products are delivered, and records expenses when incurred.
