Explanation of this accounting Question What characterizes modified periodicity in specializedindustries?a) Calendar years work universallyb) Business cycles override standard calendar periodsc) Monthly periods fit all businessesd) Time periods remain constant

Explanation of Modified Periodicity: Modified periodicity refers to adapting accounting periods to…

Answered: What characterizes modified periodicity…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 2MC: That companies can present useful information in shorter time periods such as years, quarters, or...

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What characterizes modified periodicity in specialized industries? a) Calendar years work universally b) Business cycles override standard calendar periods c) Monthly periods fit all businesses d) Time periods remain constant