The Expense Recognition (Matching) Principle Requires That Expenses Get Recorded

question 154

True/False

The expense recognition (matching) principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

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Definitions:

Aversive Event

An event that is unpleasant or undesirable and often leads to negative reactions or behaviors in an effort to avoid it.

Positive Event

An occurrence or situation that leads to beneficial or favorable outcomes for an individual or group.

Primary Reinforcer

A naturally reinforcing stimulus, such as food or pain relief, that does not require learning to become effective.

Aversive Event

An unpleasant or undesirable occurrence that can lead to negative reactions or behaviors, often used in the context of learning and behavior modification.