The Matching Principle Is the Principle That States

question 78

Multiple Choice

The matching principle is the principle that states:

• A)All costs that are used to generate revenue are recorded in the period the revenue is recognized.
• B)All transactions are recorded at the exchange price.
• C)The business is separate from its owners.
• D)The business will continue to operate indefinitely unless there is evidence to the contrary.

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Definitions:

Farm Laborers

Workers who are employed in the agricultural sector, performing manual labor tasks in the cultivation and harvesting of crops.

Out of Work

A term used to describe individuals who are currently unemployed and not engaged in a job.

Budget Surplus

Excess funding that occurs when government spends less than the amount of funds raised through taxes and fees.

Government of a Country

The organization that is the governing authority of a political unit, responsible for creating and enforcing laws, managing public resources and services, and protecting the rights of its citizens.