The Broad Principle That Requires Expenses to Be Reported in the Same

question 23

Multiple Choice

The broad principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses is the:

• A)Recognition principle.
• B)Cost principle.
• C)Cash basis of accounting.
• D)Expense recognition (Matching)principle.
• E)Time period principle.

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