Business
Business, 02.03.2020 23:02, ptrlvn01

The time period assumption states that:

(a) companies must wait until the calendar year is completed to prepare financial statements.
(b) companies use the fiscal year to report financial information.
(c) the economic life of a business can be divided into artificial time periods.
(d) companies record information in the time period in which the events occur.

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The time period assumption states that:

(a) companies must wait until the calendar year...

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