The time period assumption states that the economic life of a business can be divided into
a. equal time periods.
b. cyclical time periods.
c. artificial time periods.
d. perpetual time periods.
Correct Answer:
Verified
Q166: All of the following are characteristics of
Q167: 163. Relevant accounting information
A) is information
Q168: An expense is recorded under the cash
Q171: A company using the same accounting principles
Q172: Which of the following statements is not
Q172: Jackson Cement Corporation reported $35 million for
Q176: An item is considered material if
A) it
Q177: Which of the following is not an
Q179: The revenue recognition principle dictates that revenue
Q180: The time period assumption states
A) the business
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents