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

question 115

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) Matching principle.
• E) Time period principle.

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Definitions:

Discrimination

The unfair treatment of individuals based on their race, age, sex, nationality, or other characteristics.

Reluctant

Feeling or showing aversion, hesitation, or unwillingness.

Workforce Diversity

The range of differences among individuals in an organization, including but not limited to race, gender, age, national origin, disability, and sexual orientation.

Legislation

Laws and statutory requirements enacted by a legislative body or the process by which such laws are created and implemented.