What is the periodicity assumption? (a) Companies should recognize revenue in the accounting period in which it

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What is the periodicity assumption?

(a) Companies should recognize revenue in the accounting period in which it is earned.

(b) Companies should match expenses with revenues.

(c) The economic life of a business can be divided into artificial time periods.

(d) The fiscal year should correspond with the calendar year.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 10, 2024 01:04 AM

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What is the periodicity assumption? (a) Companies should recognize revenue in the accounting period in which it

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Accounting Tools For Business Decision Making

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