Match Each Statement to the Item Listed Below

question 70

Multiple Choice

Match each statement to the item listed below.
-states that revenues and expenses are recorded in the time period received or paid

• A)accrual basis accounting
• B)adjusted trial balance
• C)adjusting entries
• D)cash basis accounting
• E)contra accounts
• F)depreciation
• G)matching principle
• H)revenue recognition principle
• I)time period assumption
• J)worksheet

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Definitions:

Poisson Distribution

A discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant rate and independently of the time since the last event.

Gas Station

A gas station is a facility that sells fuel and engine lubricants for motor vehicles.

Cubic Yard

A unit of volume used typically in the United States for materials such as concrete, measuring 3 feet long by 3 feet wide by 3 feet high.