Which of the Following Is NOT a Good Example of the Matching

question 505

Multiple Choice

Which of the following is NOT a good example of the matching principle?

• A)A machine that produces certain goods is depreciated over its useful life.The
• Depreciation expense is matched with the proceeds from the sale of those goods.
• B)The entire amount of a two-year insurance premium is expensed in the first year.
• C)An uncollectible receivable is written off in the year that the sale was made.
• D)Recognition of revenue for which associated expenses cannot yet be determined is
• Delayed until such determination can be made.

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Definitions:

Social Acceptance

The condition in which individuals are recognized and accepted into a social group or society, often conforming to its norms and values.

Canadians

Individuals who are citizens of Canada, either by birth or naturalization, or who identify with the culture and society of Canada.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of one's own sex.

Percentage

A mathematical term that represents a number or ratio expressed as a fraction of 100.