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    Exam 3: The Measurement Fundamentals of Financial Accounting
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    A Company Prepares Financial Statements Once Every Year
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A Company Prepares Financial Statements Once Every Year

Question 54

Question 54

Multiple Choice

A company prepares financial statements once every year. What practice does this assumption illustrate?


A) Going concern assumption
B) Fiscal period assumption
C) The five-year moving theory
D) Stable dollar assumption

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