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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This is a true statement. The periodicity assumption assumes that the long life of a company can be divided into shorter time periods, such as months or years, for the purpose of measuring and reporting financial information regularly. This allows for comparability and analysis over time.

According to the Periodicity Assumption, to Measure and Report ﬁNancial