Which of the Following Should Be Considered First in Applying

question 37

Multiple Choice

Which of the following should be considered first in applying the matching concept?

• A)Costs should be matched against the revenue directly produced.
• B)Costs should be matched to revenue in a rational and systematic manner.
• C)Costs should be recognized as period expenses when incurred.
• D)Costs should be recognized as expenses when cash is paid.

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Definitions:

Percent

A unit of measurement that represents one hundredth of a whole.

Stimulant

A class of drugs that increase the activity of the nervous system, resulting in increased alertness, attention, and energy.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by difficulties with attention, impulsivity, and hyperactivity.

Adderall

A prescription medication containing amphetamine and dextroamphetamine, used to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy.