Which of the Following Statements Is True Concerning the Matching

question 216

Multiple Choice

Which of the following statements is true concerning the matching principle?

• A)All costs can be directly matched with revenue.
• B)All costs can be indirectly matched with periods in which they provide a benefit.
• C)The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle.
• D)Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.

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Definitions:

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A fixed, generalized idea or image about a particular group of people or thing, often oversimplifying their characteristics.

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A perspective within biology and psychology that studies the evolutionary significance of behaviors and their adaptive function.

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