Business, 15.02.2020 06:10 thisismyusername875

The time period assumption states that:
a. revenue should be recognized in the accounting period in which it is earned.
b. expenses should be matched 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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The time period assumption states that:
a. revenue should be recognized in the accounting peri...

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