The Accounting Principle That Requires Revenue to Be Reported When

question 136

Multiple Choice

The accounting principle that requires revenue to be reported when earned is the

• A)Matching principle.
• B)Revenue recognition principle.
• C)Going concern principle.
• D)Cost principle.
• E)Timeliness principle.

---

Definitions:

Immunoassay

A laboratory method that uses the antigen-antibody reaction to measure the presence or concentration of a substance.

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms held together by chemical bonds.

Covalent Bonds

A chemical bond formed by the sharing of electron pairs between atoms.

Electronegativity

A measure of the ability of an atom in a chemical compound to attract electrons towards itself.