The Idea That All Expenses Incurred in Generating Revenues Should

question 79

Multiple Choice

The idea that all expenses incurred in generating revenues should be recognized in the same period as those revenues is called the

• A) Time period concept
• B) Realization concept
• C) Matching principle
• D) Revenue recognition principle

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Definitions:

Managing

The act of planning, organizing, leading, and controlling resources and activities to achieve specific goals.

Expectancy Theory

A motivational theory suggesting that people are driven to act in a certain way based on the expectation that their actions will lead to a desired outcome.

Motivation

The psychological forces that determine the direction of a person's behavior in an organization, a person's level of effort, and a person's level of persistence.

Work

Exertion or effort directed to produce or accomplish something; can be physical or mental.