The Matching Principle States That ________

question 153

Multiple Choice

The matching principle states that ________.

• A) financial statements can be prepared for specific periods
• B) a business's activities can be sliced into small time segments
• C) all expenses should be recorded when they are incurred during the period
• D) companies should record revenue when it has been earned

---

Definitions:

Gland

An organ in the human or animal body that secretes particular chemical substances for use in the body or for discharge into the surroundings.

Growth Hormone

A hormone that stimulates growth, cell reproduction, and cell regeneration in humans and other animals. It is crucial for human development.

Acromegaly

A hormonal disorder that results from the excess growth hormone, leading to enlarged bones in hands, feet, and face.

Adrenalectomy

A surgical procedure to remove one or both adrenal glands, which are located above the kidneys.