The Matching Principle Means Which of the Following

question 29

Multiple Choice

The matching principle means which of the following?

• A) Revenues are subtracted from expenses.
• B) Expenses are subtracted from revenues.
• C) Assets are subtracted from liabilities.
• D) Liabilities are subtracted from expenses.

Comprehend the relationship between thought and language in cognitive processes.

Appreciate the complexities and challenges in measuring intelligence through IQ tests and other assessments.

Discern the role of creativity, problem-solving strategies, and bias in cognitive psychology.

Identify the different theories and components of intelligence according to renowned psychologists.

---

Definitions:

Production Based

A method or approach that focuses on enhancing the efficiency and output of the manufacturing process, often measured against set production targets.

Straight-Line

A method of allocating the cost of an asset evenly over its useful life for the purposes of depreciation or amortization.

Declining-Balance

A method of depreciation where an asset loses value at a rate that decreases over time, opposite of straight-line depreciation.

Useful Life

The estimated duration of time an asset is expected to be useful and productive for the purpose it was acquired.