According to Which of the Following Concepts Should the Expenses

question 6

Multiple Choice

According to which of the following concepts should the expenses incurred when generating revenue be reported in the same period as the related revenue?

• A) The cost concept
• B) The periodicity concept
• C) The matching concept
• D) The adequate disclosure concept

---

Definitions:

Unjust

Not based on or behaving according to what is morally right and fair.

Unilateral Contract

A contract in which only one party makes an enforceable promise to perform an action, often in response to an act by the other party.

Offeree

The party to whom an offer is made in a contract negotiation, who has the power to accept or reject that offer.

Offeror

A person or entity who proposes a deal or contract to someone else, indicating their intention to enter into an agreement upon acceptance.