Which of the Following Statements Regarding the Matching Principle Is

question 2

Multiple Choice

Which of the following statements regarding the matching principle is correct?

• A)Tax accounting strictly follows the matching principle.
• B)The matching principle of financial accounting is an important component of the cash method of accounting.
• C)The matching principle of financial accounting is sometimes relevant to timing deductions for an accrual basis taxpayer's recurring items.
• D)The matching principle has no relevance to tax accounting.
• E)None of the above.

---

Definitions:

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Emotional Intelligence

The ability to recognize, understand, manage, and use one's own emotions positively to relieve stress, communicate effectively, empathize with others, and overcome challenges.

Intelligence Tests

Standardized tests designed to measure a person’s cognitive abilities and intellectual potential.

Correct Answers

Responses or solutions that fully meet the requirements or criteria of a question or problem.