1. The assumption that enables us to prepare periodic statements between the time that a business commences operations and the time it goes out of business is:
A: a.time period
B: b.business entity
C: c historical cost
D: d.transaction
A: a.time period
B: b.business entity
C: c historical cost
D: d.transaction
举一反三
- 中国大学MOOC: 1. The assumption that enables us to prepare periodic statements between the time that a business commences operations and the time it goes out of business is:
- The time period assumption states that the economic life of a business entity can be divided into artificial time periods. ( )
- 2. The business being separate and distinct from the owners is an integral part of the: A: a.time period assumption B: b.going concern assumption C: c.business entity assumption D: d.realization assumption
- The length of time covered by a set of periodic financial statements is referred to as the____ A: Fiscal cycle. B: Natural business year. C: Accounting period. D: Business cycle.
- ( ) means that the accounting is based on the measurement of currency with currency stability. A: The time period B: The business entity C: The going-concern D: The monetary unit