The Matching Principle States That ________

question 153

Multiple Choice

The matching principle states that ________.

• A) financial statements can be prepared for specific periods
• B) a business's activities can be sliced into small time segments
• C) all expenses should be recorded when they are incurred during the period
• D) companies should record revenue when it has been earned

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Definitions:

Potentially Renewable Energy

refers to energy sources that can be replenished over a short timescale through human intervention or natural processes, such as biomass energy.

Factory Employment

Work related to the operation of manufacturing facilities where goods are produced on a large scale.

Knowledge

Knowledge is the understanding, awareness, or familiarity gained through education or experience, encompassing facts, information, descriptions, or skills acquired through learning or practice.

Hunter-Gatherer Societies

Social and economic systems based on the hunting of wild animals and gathering of wild plants for subsistence.