The recognition of cost of goods sold as an expense in the same period that sales...
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The recognition of cost of goods sold as an expense in the same period that sales revenue is recognized from the sale of merchandise is a good example of the Oa, matching principle. Ob. full disclosure principle. Oc. revenue realization principle. Od. historical cost principle. The recognition of cost of goods sold as an expense in the same period that sales revenue is recognized from the sale of merchandise is a good example of the Oa, matching principle. Ob. full disclosure principle. Oc. revenue realization principle. Od. historical cost principle.
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