Multiple Choice
The periodicity assumption states
A) the business will remain in operation for the foreseeable future.
B) the life of a business can be divided into artificial time periods and that useful reports covering those periods can be prepared.
C) every economic entity can be separately identified and accounted for.
D) only those things that can be expressed in money are included in the accounting records.
Correct Answer:
Verified
Correct Answer:
Verified
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