The Matching Principle

question 4

Multiple Choice

The matching principle:

• A)Applies only to situations in which a cash payment occurs before an expense is recognized.
• B)Applies only to situations in which a cash receipt occurs before revenue is recognized.
• C)Is used in accrual accounting to determine the proper period in which to recognize revenue.
• D)Is used in accrual accounting to determine the proper period for recognition of expenses.

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Definitions:

Black Nationalism

A political and social movement advocating for the empowerment, independence, and self-reliance of people of African descent, often emphasizing cultural pride and racial solidarity.

African American-owned

Refers to businesses or properties owned by individuals of African American heritage, highlighting aspects of entrepreneurship and economic contribution within the African American community.

Robert Putnam

A political scientist known for his research on social capital and its impact on democratic engagement and community life.

American Civil Society

The network of private institutions, community associations, networks, and norms that function independently of the government to promote social unity and civic engagement.