The Matching Principle States That Expenses Should Be Matched with Revenues

question 104

Multiple Choice

The matching principle states that expenses should be matched with revenues because

• A) assets should be matched with liabilities.
• B) dividends should be matched with shareholder investments.
• C) cash payments should be matched with cash receipts.
• D) efforts should be matched with accomplishments.

---

Definitions:

Miklós Horthy

The Regent of Hungary from 1920 to 1944, overseeing a period characterized by political instability, alliances with fascist powers, and the imposition of authoritarian rule.

Anti-Communist

A term used to describe individuals, groups, or policies that oppose communism and its principles.

Zurich Circle

The Zurich Circle refers to a group of intellectuals, artists, and writers based in Zurich, Switzerland, who were influential in modern art and thought movements.

Artistic Convention

Established norms and practices in the arts that guide the creation and interpretation of works within a particular culture or time period.