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

---

Definitions:

Antecedent Information

Background or prior information that helps to explain or contextualize an event, situation, or behavior.

Clause

A grammatical unit that contains both a subject and a predicate.

Ambiguities

Situations or statements that are open to more than one interpretation, often leading to uncertainty or confusion.

Memory

The cognitive process of encoding, storing, and retrieving information, allowing for learning and adaptation over time.