A company can report financial results each year each quarter or each month with the issuance of
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Question:
A company can report financial results each year each quarter or each month with the issuance of financial statements.
Which underlying assumption is being highlighted by this example:
a. monetary unit assumption
b. going concern concept
c. economic "entity" concept
d. periodicity assumption
Expert Answer:
Answer rating: 100% (QA)
Correct answer d periodicity assumption Explanation The periodicity assumption states tha... View the full answer
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