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The time period assumption states that:

A. Companies must wait until the calendar year is completed to prepare financial statements.
B. Companies use the fiscal year to report financial information
C. The economic life of a business can be divided into artificial time periods
D. Companies record information in the time period in which the events occur
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সঠিক উত্তরঃ C. The economic life of a business can be divided into artificial time periods
Explanation: