Examlex
Which of the following is NOT a task performed by the computer's BIOS?
Time Period Assumption
an accounting principle that divides an enterprise's life into small periods of time for reporting and analysis purposes.
Economic Life
The expected period over which an asset remains useful to the owner or until it can generate economic benefits.
Artificial Time Periods
Divisions of time, not naturally occurring, created for the purpose of financial reporting, budgeting, or project scheduling.
Economic Entity Assumption
An accounting principle that treats a company as a separate entity from its owners or shareholders for financial reporting purposes.
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