The Matching Principle Requires That

question 67

Multiple Choice

The matching principle requires that:

• A)revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.
• B)non-operating gains and losses should be netted against each other.
• C)a proportion of each dollar collected will be assumed to be a recovery of cost.
• D)assets will be matched to the liabilities incurred to purchase them.

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Definitions:

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in daily activities for at least two weeks.

Fraternal Twin

Siblings born at the same time as a result of two different eggs being fertilized by two different sperm, sharing about 50% of their DNA, similar to non-twin siblings.

Substance Abuse

The damaging or threatening employment of substances that alter the psyche, including but not limited to alcohol and prohibited drugs.

Anxiety

A condition of uneasiness or worry, chiefly because of a nearing event or an uncertain final outcome.