Which of the Following Statements Regarding the Matching Principle Is

question 76

Multiple Choice

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

• A) Tax accounting strictly follows the matching principle.
• 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 sometimes relevant to timing deductions for an accrual basis axpayer's recurring items.
• D) The matching principle has no relevance to tax accounting.
• E) None of the above.

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Definitions:

Diaphragm

A large, dome-shaped muscle located below the lungs that plays a key role in breathing.

Aspiration

The act of drawing in or out using a sucking motion, often refers to the medical procedure of removing substances from the body.

Respiratory

Pertaining to or affecting respiration or the organs involved in respiration.

Tuberculosis

A contagious bacterial infection that primarily affects the lungs but can also damage other parts of the body.