The time period assumption assumes that an organization's activities may be divided into specific reporting time periods including all of the following except:
A)Months.
B)Quarters.
C)Fiscal years.
D)Calendar years.
E)Days.

Question

Quizplus · Accepted Answer

The time period assumption assumes that an organization's activities may be divided into specific reporting time periods including months, quarters, fiscal years, and calendar years. However, days are usually too short of a time period to report financial information.

The Time Period Assumption Assumes That an Organization's Activities May