Dividing the long life of a company into shorter periods such as months,quarters,or years for reporting purposes is called the:
A) time period assumption.
B) expense recognition principle ("matching") .
C) revenue recognition principle.
D) separation principle.
Correct Answer:
Verified
Q29: Which of the following is an operating
Q30: Which of the following items is reported
Q31: Income Tax Expense appears on the _,while
Q32: A net loss results when:
A)assets are greater
Q33: Which of the following line items appear
Q35: The _ takes stock of what exists
Q36: Cobalt Co.'s income statement shows Service Revenue
Q37: Which of the following items is not
Q38: If a company incorrectly records cash received
Q39: If a company incorrectly records a payment
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