Match the Most Probable Matching Method to the Costs Listed

question 210

Multiple Choice

Match the most probable matching method to the costs listed below.
-Commissions earned by sales people

• A)Directly match a specific revenue.
• B)Indirectly match with the period during which it will provide revenue.
• C)Immediately recognize because no future benefits are expected.

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Definitions:

Considerable Damage

Significant harm or destruction to property, health, or well-being that is not easily or quickly rectified.

Liability

The state of being responsible for something, especially by law, which can include financial or legal obligations.

General Partner

A full partner with unlimited liability for the debts of the partnership.

Limited Partnership

A partnership consisting of at least one general partner, who manages the business and is personally liable for debts, and one or more limited partners, who invest but do not participate in management.