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time concept principle pt.2 by richardr on 02-20-2017
Bob sees that the company creates a balance sheet once every 3 months or in other words, quarterly to calculate the worth of the company for those 3 months .
According the GAAP principles, we must keep the periods consistent.
Bob decides that it is a good idea to invest in this company because they have been steadily gaining value and thinks that they will continue to grow. He calls the owner to inform him.
THE END.
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