Which of the Following Accounting Elements Does the Matching Principle

question 190

Multiple Choice

Which of the following accounting elements does the matching principle help to match?

• A) revenues and liabilities
• B) expenses and assets
• C) expenses and revenues
• D) expenses and liabilities

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Definitions:

Cultural Bias

A predisposition to interpret and judge other people's cultures by the standards and values of one's own culture.

Validity

refers to the extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Reliability

The degree to which an assessment tool produces consistent results when the same entity is measured under the same conditions on multiple occasions.

Stereotype Threat

Stereotype threat is the fear of confirming negative stereotypes about one's group, which can impair performance in a variety of domains.