The Matching Principle States That Expenses Should Be Matched with Revenues

question 77

Multiple Choice

The matching principle states that expenses should be matched with revenues because

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

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Definitions:

Acute Respiratory Distress Syndrome

A severe lung condition causing low oxygen levels in the blood due to fluid build-up in the air sacs of the lungs.

Correct Code

In programming, this term refers to code that is written without errors and performs its intended task efficiently. In medical billing, it refers to the accurate assignment of codes to diagnoses and procedures.

Tobacco Smoke

The smoke produced by burning tobacco products, which contains harmful chemicals and carcinogens.

Exposure

The state of being subjected to a harmful substance, environment, or condition.