Which of the Following Accounting Principles Requires That Warranty Expense

question 102

Multiple Choice

Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?

• A) the matching principle
• B) the disclosure principle
• C) the revenue principle
• D) the consistency principle

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Definitions:

Remedial Training

Training programs designed to improve skills and competencies in employees who exhibit deficiencies in their job performance.

Disciplinary Action

A process or measures taken by management to correct or penalize employees for not adhering to job performance standards or workplace policies.

Non-Managerial Staff

Employees within an organization who do not have supervisory or managerial responsibilities, often performing specific operational tasks.

Training Sessions

Organized events designed to enhance the skills, knowledge, and performance of employees or participants in a specific area or field.