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    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
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    The Length of Time Covered by a Set of Periodic
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The Length of Time Covered by a Set of Periodic

Question 101

Question 101

Multiple Choice

The length of time covered by a set of periodic financial statements, primarily a year for most companies, is referred to as the:


A) Calendar year.
B) Accounting period.
C) Business cycle.
D) Fiscal year.
E) Natural business year.

Correct Answer:

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