The Broad Principle That Requires Expenses to Be Reported in the Same

question 123

Multiple Choice

The broad principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses is the

• A) Revenue recognition principle
• B) Cost principle
• C) Cash basis of accounting
• D) Matching principle
• E) Timeliness principle

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Definitions:

Weiss (1971)

Reference to research by Weiss, often associated with studies on social isolation or the effects of stress on health.

Stressor

An external or internal event or stimulus that causes stress to an individual.

Ulceration

The formation of ulcers or open sores on the skin or mucous membranes, often resulting from an underlying condition or injury.

General Adaptation Syndrome

A three-stage response model describing how the body reacts to stress, including alarm, resistance, and exhaustion phases.