The Time Period Assumption Is Necessary Because

question 37

Multiple Choice

The time period assumption is necessary because:

• A) inflation exists and causes confusing swings in financial statement amounts over time.
• B) external users of financial statements want accurately-reported net income for a specific period of time.
• C) financial statements users expect full disclosure of all events throughout the entire time period translated in dollars.
• D) it is required by the federal government.

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Definitions:

Uptime

The amount of time a computer system, device, or network has been operational and running without any downtime.

Web Host's Reliability

The measure of how consistently a web hosting service keeps websites accessible and running smoothly, often considered a critical factor in choosing a web host.

Data Transfer

The process of moving data from one location to another, which can be within the same device or across different ones over a network.

CSS

Cascading Style Sheets, a language used to describe the style of HTML documents, including layout, colors, and fonts.