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The time period assumption states that the economic life of a business can be divided into artificial time periods companies must wait until the calendar
The time period assumption states that the economic life of a business can be divided into artificial time periods companies must wait until the calendar year is completed to prepare financial statements companies record information in the time period in which the events occur companies use the fiscal year to report financial information 
The time period assumption states that
the economic life of a business can be divided into artificial time periods
companies must wait until the calendar year is completed to prepare financial statements
companies record information in the time period in which the events occur
companies use the fiscal year to report financial information
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