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The underlying assumption that deems that the income statement covers a certain time period (ex. the year ended December 31) and the balance sheet is
The underlying assumption that deems that the income statement covers a certain time period (ex. the year ended December 31) and the balance sheet is prepared as of the end of that time period (ex. December 31) is called the Blank______ assumption. Multiple choice question. separate economic entity monetary unit going concern periodicity of income
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