Which of the Following Accounting Principles Requires That Warranty Expenses

question 53

Multiple Choice

Which of the following accounting principles requires that warranty expenses must be estimated and recognized in the same period as the related sales revenue is recognized?

• A) The matching principle
• B) The disclosure principle
• C) The revenue principle
• D) The consistency principle

---

Definitions:

Archival Research

A research method involving the analysis of existing records or data collections to extract insights or test hypotheses without generating new data.

U.S. Presidents

Individuals who have held the office of the President of the United States, serving as the head of state and government.

Longitudinal Study

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time, often many years.

Correlational Study

A research method that examines the extent to which two variables are related, without inferring a cause-and-effect relationship between them.