Entities dont fire their employees and cease operations at the end of an accounting period. They continue

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Entities don’t fire their employees and cease operations at the end of an accounting period. They continue from one accounting period to the next. The fact that accounting divides the stream of events into f ____ y __ s makes the problem of measuring revenues and expenses in a fiscal year [an easy / the most difficult] problem in accounting.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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