*Choose true or false for the following statements: 1. The time period assumption is often referred to as the expense recognition principle. a. True b. False 2. A company's calendar year and fiscal...

*Choose true or false for the following statements:

1.
The time period assumption is often referred to as the expense recognition principle.

a. True

b. False

2.
A company's calendar year and fiscal year are always the same.

a. True

b. False

3.
Accounting time periods that are one year in length are referred to as interim periods.

a. True

b. False