Multiple Choice
A business will divide the life of its business into specific accounting periods because
A) a transaction can only affect one period of time.
B) the number of transactions will be more evenly divided between periods.
C) adjustments to the enterprise's accounts can only be made in the time period when the business terminates its operations.
D) It will provide useful information to the business's users.
Correct Answer:
Verified
Correct Answer:
Verified
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