The Matching Principle Requires

question 15

Multiple Choice

The matching principle requires:

• A)that expenses should be recognized on periodic basis.
• B)that expenses should be split between Cost of Goods Sold (sometimes called Cost of Sales)and Selling Expenses.
• C)that current assets and current liabilities are stated in a certain order on the balance sheet.
• D)that costs are recognized as expenses in the same period as the revenues they generate.

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Definitions:

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.

Confidence Interval

A swath of values, derived from analyzing sample data, likely to incorporate the value of a hidden population parameter.

Mean Height

The average height calculated by summing the heights of all individuals in a sample and dividing by the number of individuals.

Standard Deviation

A metric that calculates the extent of spread or variability within a data set.