Expenses Are Recognized and Matched Against Revenues on the Basis

question 83

Multiple Choice

Expenses are recognized and matched against revenues on the basis of three principles. Which of the following is not one of these principles?

• A) immediate consumption
• B) associating cash flows
• C) systematic and rational allocation over time
• D) cause and effect

---

Definitions:

Mechanical Devices

Tools, machines, or instruments that operate based on mechanical principles.

Dissecting Frogs

A practical experience often conducted in biology education to understand the anatomy and physiological functions of living organisms.

Hellfire

Imagery or symbolism often associated with eternal punishment or damnation in some religious traditions, used to invoke fear or moral adherence.

Think Clearly

The ability or process of reasoning logically and understanding concepts without confusion or ambiguity.