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The periodicity assumption states thatA ) a transaction can only affect one period of time.B ) estimates should not be made if a transaction affects

The periodicity assumption states thatA) a transaction can only affect one period of time.B) estimates should not be made if a transaction affects more than one time period.C) the economic life of a business can be divided into artificial time periods.D) adjustments to the enterprise's accounts can only be made in the time period when the business terminates its operations.

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