Which of the Following Accounting Principles Requires Businesses to Record

question 64

Multiple Choice

Which of the following accounting principles requires businesses to record depreciation?

• A)the revenue recognition principle
• B)the matching principle
• C)the cost principle
• D)the going concern principle

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Definitions:

Raw Materials

Basic materials and substances used in the initial stages of production and manufacturing processes.

Multinational Corporation

A corporate organization that owns or controls production of goods or services in one or more countries other than its home country.

Foreign Exchange

The trading of currencies from different countries against each other.