Following the Expense Recognition Principle, to Recognize Expenses Along with the Related

question 36

Multiple Choice

Following the expense recognition principle, to recognize expenses along with the related revenues, means to:

• A)add expenses and revenues together to compute net income or net loss.
• B)recognize the expense of a period against the cash revenues during the period.
• C)abandon the matching principle.
• D)subtract expenses from the related revenues to compute net income or net loss.