WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 8 Topic 1 Discussion

WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 8 Topic 1 Discussion

T7 Exam Topic 1 Question 8 Discussion:
Question #: 8
Topic #: 1

The economic activities of US-based Company XYZ is divided into 12-month periods for the purpose of issuing annual reports. Which basic assumption of accounting does this practice represent?


A.

Going concern


B.

Monetary unit


C.

Periodicity


D.

Economic entity


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