The Fiscal Period Assumption States That the Operating Life of an Economic

question 8

Multiple Choice

The fiscal period assumption states that the operating life of an economic entity:

• A)is generally for a period of one year.
• B)can be any period management decides it to be.
• C)must be an entity separately distinct from its owners.
• D)can be divided into time periods over which measures of performance and financial position can be developed and applied.

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Definitions:

Throws A New Exception

The "throws" keyword in Java is used to indicate that a method may throw an exception during its execution.

Catch Block

A block of code in exception handling used to catch and handle exceptions that occur during program execution.

Display

To show or make something visible on a screen or visual output device.

Thrown Exception

An object that represents an error or unexpected event that disrupts the normal flow of a program, initiating exception handling procedures.