The Matching Principle ________

question 73

Multiple Choice

The matching principle ________.

• A) guides accounting for revenues and expenses
• B) results in the matching of expenses incurred during the period to the cash paid for expenses
• C) ensures that all expenses are recorded when they are incurred during the period
• D) results from a natural link between all expenses and revenues

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Definitions:

Require Adaptation

The necessity for adjustments or changes in behavior, processes, or structures in response to new conditions or environments.

Life Events

Major events in a person’s life that require change or adaptation.

Unpleasant

Causing discomfort, distress, or aversion; the opposite of pleasant.

Stressful Occupations

Jobs or professions that impose high levels of stress due to factors like tight deadlines, high responsibility, danger, or the need for long hours.