Answer
Periodicity assumption
Work Step by Step
Periodicity assumption allows accountants to divide their accounting reporting into periods (e.g. weekly, monthly, yearly, etc.).
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 73: E2-7l
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