Which of the Following Statements Regarding the Matching Principle Is

question 68

Multiple Choice

Which of the following statements regarding the matching principle is correct?

• A)Tax accounting strictly follows the matching principle.
• B)The matching principle of financial accounting is an important component of the cash method of accounting.
• C)The matching principle of financial accounting is sometimes relevant to timing deductions for an accrual basis taxpayer's recurring items.
• D)The matching principle has no relevance to tax accounting.
• E)None of these.

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Definitions:

Environment Demands

The requirements or pressures put forth by one's surroundings, necessitating adaptation or response.

Maltreatment

Refers to improper or cruel treatment, often discussed in contexts such as child abuse, elder abuse, or animal cruelty.

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A fear or distress that infants commonly exhibit around strangers, typically emerging around 6 months of age and peaking around the first year.

Separation Anxiety

A disorder characterized by excessive fear or anxiety about separation from home or attachment figures.