A Broad Principle That Requires Identifying the Activities of a Business

question 193

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the:

• A) Time period assumption.
• B) Operating cycle of a business.
• C) Going-concern assumption.
• D) Accrual basis of accounting.
• E) Expense recognition (matching) principle.

Understand the concept of sentence structure, including compound and complex sentences.

Recognize and correct dangling or misplaced modifiers in sentences.

Identify and correct comma splices in sentence construction.

Understand the role of modifiers in sentences and their placement for clarity.

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Definitions:

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