Why is the matching principle important?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (14 reviews)
Matching nets expenses against the revenues they genera...View the full answer
Answered By
Jayshree Rathi
Hello Students!
This is Jayshree Rathi. I work on a number of renowned student-centric channels such as Chegg, coursehero, as a certified private tutor.
If you are looking for relevant and original content to complete your assignments, essays, and homework, then contact me and within the promised time, I will deliver you your personalized academic work and help you score the best.
4.80+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Explain the matching principle. How is the matching principle related to the realization concept?
-
Why is the shelter principle an important legal concept as it relates to negotiable instruments?
-
the matching principle determines a where in the profits and loss account revenues should be presented b where in the income statement expenses should be presented c how costs are allocated between...
-
List all paths from A to H. Which paths have the lowest weight? Which path has shortest length? Is the graph connected (strongly or weakly)? 3 12 15 18 F 10 5 19 B' H 10 6 5 3 22 E G
-
Plantcity is a large nursery and retail store specializing in house and garden plants and supplies. Jean Raouth, the assistant manager, is in the process of budgeting monthly supplies expense for...
-
What background information about the person's behavior would be relevant to you as you devise a strategy for their reentry into society? What resources would you provide the client to empower them...
-
Chester Constructions is an engineering consulting firm specialising in the installation of electronic communications systems. The company is considering the purchase of testing equipment that will...
-
The Kurten Corporation is authorized to issue $500,000 of 8% bonds. Interest on the bonds is payable semiannually; the bonds are dated January 1, 2007 and are due December 31, 2012. Required Prepare...
-
Prior to beginning work on this discussion, please read about the Economic Value Added (EVA) and the Balanced Scorecard management systems on the websites of theCorporate Finance Institute (CFI) and...
-
According to the assigned case study, Lawn King must develop an S&OP plan that considers the costs of inventory, overtime, hiring, and layoff (beware of stock outs). If the plan results in back...
-
Is amortization of a patent right an appropriate expense in measuring value added in operations?
-
Why do fundamental analysts want accountants to follow the reliability criterion when preparing financial reports?
-
You are given a logistic equation with one or more initial conditions. (a) Determine the carrying capacity and intrinsic rate. (b) Sketch the graph of dN/dt versus N in an Nz-plane. (c) In the...
-
Search and locate a current international issue (an issue that affects more than one culture). 1. Describe the issue 2. Define and discuss the two or more cultures involved in the issue 3. Explain...
-
As the Chief of Police of a department of 100 police officers, your city manager has asked you to develop a policy for dealing with alcohol abuse.Would your policy emphasize discipline or...
-
Describe the advantages to an organization of having employees who are fluent in using both rapport talk and report talk. Use specific examples to show when and how each style benefits the...
-
In which stage of the developmental model might using the internet be especially beneficial for shy people? A) initiating B) intensifying C) Experimenting D) integrating E) bonding
-
Determine the logging and auditing deficiencies of the current environment. Then, create official policies for the following: Logging (Think about what you want to capture and whether it is...
-
Describe behavioral theories of learning.
-
What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?
-
Write the rate law and the molecularity for each of the following elementary reactions. (a) CH5C1 CH4 + HC1 (b) NO + O3 NO + O (c) HI + CHI CH6 + 1
-
The cigarette industry is subject to litigation for health hazards posed by its products. The industry has been in an ongoing process of negotiating a settlement of these claims with state and...
-
Refer to the Lufthansa example on asset depreciation estimates. What adjustments would be required if Lufthansas aircraft depreciation were computed using an average life of 25 years and salvage...
-
In early 2003, Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers warehouses...
-
you to play the role of an international marketing manager from an international consulting company. Your mission is helping your selected Japanese company in Japan to marketing its product or...
-
A large tanker truck filled with Soap is stopped at a red light. When the light turns green, the truck accelerates uniformly to 25 m/s in 11 s. The combined mass of the tanker truck and its valuable...
-
As shown in the figure below, a string attached to a vertical wall passes over a pulley at the end of a horizontal rod, and supports a sphere. The horizontal rod has a length L = 0.200 m, the mass of...
Study smarter with the SolutionInn App