Which of the Following Statements Is True Concerning the Matching

question 83

Multiple Choice

Which of the following statements is true concerning the matching principle?

• A) All costs can be directly matched with revenue.
• B) All costs can be indirectly matched with periods in which they provide a benefit.
• C) The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle.
• D) Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.

---

Definitions:

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Cognitive Skills

Mental abilities involved in processing information, understanding concepts, and solving problems.

Maturation

The process of development in which an individual matures or reaches full functionality and growth, often referring to physical, psychological, or emotional development.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture and society to function as its members.