The Matching Principle Used in Accounting Is Consistent with

question 30

Multiple Choice

The Matching Principle used in accounting is consistent with

• A) Cash based accounting practices
• B) The timing of cash inflows and outflows
• C) Calendar based accounting practices
• D) Accrual based accounting practices
• E) Standard credit and collections practices

Recognize the importance of export controls and national security in the context of international trade.

Understand the concept of supply chain management and its importance.

Recognize the different transportation modes and their roles within the supply chain.

Identify various supply chain strategies and their application in real-life scenarios.

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Definitions:

Custodianship Terminate

The process by which a custodial arrangement, where one party holds property or assets for the benefit of another, comes to an end.

Abandoned Shipwreck Act

A U.S. federal law that asserts state ownership and preservation rights over abandoned shipwrecks located in its waters.

Law of Finds

A legal doctrine that governs the rights to ownership of property that has been unclaimed and discovered.

Law of Salvage

A principle in maritime law where a person who recovers another's ship or cargo after peril or loss at sea is entitled to a reward proportional to the value of the property saved.