The time period assumption states that:
A. Companies must wait until the calendar year is completed to prepare financial statements.
B. Companies use the fiscal year to report financial information
C. The economic life of a business can be divided into artificial time periods
D. Companies record information in the time period in which the events occur
সঠিক উত্তরঃ
C.
The economic life of a business can be divided into artificial time periods
