The Matching Principle States That ________

question 153

Multiple Choice

The matching principle states that ________.

• A) financial statements can be prepared for specific periods
• B) a business's activities can be sliced into small time segments
• C) all expenses should be recorded when they are incurred during the period
• D) companies should record revenue when it has been earned

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Definitions:

Timbre

The quality or color of sound that makes it unique, such as the difference in sound between a piano and a violin when playing the same note.

Sound Wave

A longitudinal wave consisting of compressions and rarefactions, which travels through a medium such as air or water.

Purity

The condition or quality of being clean, free from contaminants, or morally upright.

Timbre

The quality of a sound that distinguishes it from other sounds of the same pitch and volume.