Which Principle Dictates That Efforts (Expenses) Be Recorded with Accomplishments

question 184

Multiple Choice

Which principle dictates that efforts (expenses) be recorded with accomplishments (revenues) ?

• A) Cost principle.
• B) Periodicity principle.
• C) Revenue recognition principle.
• D) Expense recognition principle.

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Definitions:

Seminole War

A series of conflicts in the early 19th century in Florida between the United States and the Seminole, a Native American tribe.

Cherokee Nation

A Native American tribe with a rich history and culture, recognized as a sovereign nation within the United States.

John Marshall

An influential Chief Justice of the United States (1801-1835) known for establishing the principles of U.S. constitutional law and judicial review.

Federal Government

The national government of a federal country, which shares sovereignty with the constituent states or provinces.