The periodicity assumption states thatA) a transaction can only affect one period of time.B) estimates...
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Accounting
The periodicity assumption states thatA a transaction can only affect one period of time.B estimates should not be made if a transaction affects more than one time period.C the economic life of a business can be divided into artificial time periods.D adjustments to the enterprise's accounts can only be made in the time period when the business terminates its operations.
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