The Expense Recognition Principle States That Expenses Should Be Matched

question 172

Multiple Choice

The expense recognition principle states that expenses should be matched with revenues.Another way of stating the principle is to say that:

• A)assets should be matched with liabilities.
• B)efforts should be matched with accomplishments.
• C)dividends should be matched with stockholder investments.
• D)cash payments should be matched with cash receipts.

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Definitions:

Shape

The form or external appearance of an object or figure, defined by its outline or contour.

Alcohol

A psychoactive substance commonly known for its use in beverages, which can have significant teratogenic effects if consumed during pregnancy.

Breast Milk

The milk produced by human breasts or mammary glands for feeding a baby, rich in nutrients and antibodies.

Early Exposure

The experience or introduction to diverse stimuli or environments at a young age, influencing future behavior and development.