The Accounting Principle of Matching Is Best Demonstrated by

question 59

Multiple Choice

The accounting principle of matching is best demonstrated by

• A)not recognizing any expense unless some revenue is realized.
• B)associating effort (expense) with accomplishment (revenue).
• C)recognizing prepaid rent received as revenue.
• D)establishing an Appropriation for Contingencies account.

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Definitions:

Communicating

The process of exchanging information, ideas, feelings, and messages between individuals or groups.

Faultlines

Divisions within teams that emerge from aligning along multiple attributes, potentially harming unity and efficiency.

Diverse Teams

groups composed of members from a wide range of backgrounds, including ethnicity, gender, age, and professional experience.

Optimal Team Size

The ideal number of members in a team to ensure efficient collaboration, effective communication, and maximum productivity.