The Accounting Principle That Requires Revenue to Be Reported When

question 27

Multiple Choice

The accounting principle that requires revenue to be reported when earned is the:

• A)Matching principle
• B)Revenue recognition principle
• C)Time period principle
• D)Accrual reporting principle
• E)Going-concern principle

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Definitions:

Repeat Trauma

Continuous or recurring physical injury to the same part of the body, often leading to compounded health issues.

Excessive Growth

Abnormally high increase in size, number, or both, which can refer to organisms, cells, or bodily structures.

Ventilator-Associated Pneumonia

A type of pneumonia that occurs in people who are receiving mechanical ventilation through an endotracheal or tracheostomy tube for at least 48 hours.

Oral Pharynx

A part of the throat located behind the mouth, serving as a pathway for food moving from the oral cavity to the esophagus, and air moving to and from the nasal cavity.