What do we call if a business activity can be divided into intervals? ● Periodicity Assumption O Calendar Year O Matchin

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What Do We Call If A Business Activity Can Be Divided Into Intervals Periodicity Assumption O Calendar Year O Matchin 1 (90.02 KiB) Viewed 32 times

What do we call if a business activity can be divided into intervals? ● Periodicity Assumption O Calendar Year O Matching Principles O Fiscal Year 问题2 If a business operating period ends on December 31st, then it is? O Calendar Year O It has net income O Materiality O Fiscal Year 问题3 In O Accrual, Gain O Cash, Loss O Cash, Gain method of accounting, we realize ........... when it accrues. O Periodicity Assumption, Loss 问题4 An accounting period that is not starting on January 1st is? O Fiscal Year O Calendar Year O Periodicity Assumption O Accrual 问题5 In order to recognize net Income, we subtract........ O Total gain O Total Expenses O Assets O Liability from revenue. 15 14 14 15