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  3. the periodicity assumption states thata) a transac

The periodicity assumption states thatA) a transaction can only affect one period of time.B) estimates...

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Accounting

The periodicity assumption states thatA) a transaction can only affect one period of time.B) estimates should not be made if a transaction affects more than one time period.C) the economic life of a business can be divided into artificial time periods.D) adjustments to the enterprise's accounts can only be made in the time period when the business terminates its operations.

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