According to the periodicity assumption, to measure and report financial information periodically, we assume the long life of the company can be cut into shorter periods.

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The periodicity assumption assumes that the life of a company can be divided into shorter and discrete time periods for the purpose of measuring and reporting financial information. This allows for regular and timely reporting of financial performance over the course of the year or other specified period.

According to the Periodicity Assumption, to Measure and Report Financial