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

---

Definitions:

Nutrition

The process by which living organisms obtain and utilize food and nutrients for energy, growth, and maintenance.

Metabolic Processes

A series of chemical reactions in a living organism that enable it to maintain life, involving the production and utilization of energy.

Inorganic Substances

Materials that do not contain carbon-hydrogen bonds, typically including minerals, metals, and other compounds that are not classified as organic.

Body Tissues

Groups of cells that perform specific functions and are structured together to form various parts of the human body.