Which accounting assumption or principle is being violated if a company provides financial reports only when it introduces a new product?
A)Periodicity.
B)Economic entity.
C)Revenue recognition.
D)Full disclosure.

Question

Quizplus · Accepted Answer

The periodicity assumption is violated because it requires companies to provide financial reports at regular intervals, not just when new products are introduced.

Which Accounting Assumption or Principle Is Being Violated If a Company