Which of the Following Statements Regarding the Matching Principle Is

question 29

Multiple Choice

Which of the following statements regarding the matching principle is correct?

• A)The matching principle is never relevant to tax accounting.
• B)The matching principle of financial accounting is an important component of the cash method of accounting.
• C)The matching principle of financial accounting is the cornerstone of accrual basis tax accounting.
• D)The matching principle of financial accounting is sometimes relevant to timing deductions for an accrual basis taxpayer's recurring items.
• E)None of the above.

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Definitions:

Individual Differences

Variations among individuals in their behaviors, abilities, experiences, or preferences, acknowledging that every person is unique.

Cognitive Challenges

Problems or difficulties in processing information, thinking, reasoning, or remembering.

Intelligence Scale

A method used to measure an individual's intellectual capabilities in various dimensions, usually resulting in a score.

Binet and Simon

Alfred Binet and Theodore Simon were French psychologists who, in the early 20th century, developed the first intelligence test to identify children needing special education.