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:

Daily Media Consumption

The amount of time and engagement an individual dedicates to various forms of media, including television, radio, internet, and print, on a daily basis.

Kaiser Family Foundation

A non-profit organization focused on national health issues, as well as the U.S. role in global health policy.

Graders

Individuals or tools that evaluate or assign scores to academic work.

Parental Monitoring

Consistent parental supervision.