The time period assumption is also referred to as the

A) calendar assumption.
B) cyclicity assumption.
C) periodicity assumption.
D) fiscal assumption.

The time period assumption, which assumes that an organization's activities can be divided into specific time periods such as months or years, is also known as the periodicity assumption. Option A is incorrect because while the calendar may be used to define time periods, it is not a commonly used term to refer to this assumption. Option B is incorrect because it suggests a repeated pattern or cycle rather than a specific time period. Option D is incorrect because "fiscal" refers to financial affairs and does not specifically relate to time periods.