Which of the Following Statements Regarding the Matching Principle Is

question 29

Multiple Choice

Which of the following statements regarding the matching principle is correct?

• A)The matching principle is never relevant to tax accounting.
• B)The matching principle of financial accounting is an important component of the cash method of accounting.
• C)The matching principle of financial accounting is the cornerstone of accrual basis tax accounting.
• D)The matching principle of financial accounting is sometimes relevant to timing deductions for an accrual basis taxpayer's recurring items.
• E)None of the above.

---

Definitions:

Datum Axis

An imaginary line defined by the geometric center or specified points of a feature, used as a reference or starting point for measurements and geometric definitions.

Checking Indicator

A precision measurement tool used to assess the conformity of parts to specified tolerances or dimensions, often in machining processes.

Circular Runout

A form of measurement that checks the roundness and concentricity of a cylindrical object's surface as it rotates.

Circularity

The condition where all points on a circle’s circumference are equidistant from the center, measuring roundness.