The Application of the Matching Principle Results in Subtracting Revenues

question 57

True/False

The application of the matching principle results in subtracting revenues from expenses to obtain net income or net loss.

---

Definitions:

Thoracic Cavity

The chamber of the body protected by the rib cage, containing the lungs and heart among other organs.

Liver

A vital organ that performs critical functions including detoxification, protein synthesis, and production of biochemicals necessary for digestion.

Primary Bronchi

The major air passages that diverge from the lower end of the trachea and enter the lungs to facilitate respiration.

Heart

A muscular organ that pumps blood through the circulatory system by rhythmic contractions.