Which of the following principles matches expenses with associated revenues in the period in which the revenues
Question:
Which of the following principles matches expenses with associated revenues in the period in which the revenues were generated?
A. Revenue recognition principle
B. Expense recognition (matching) principle
C. Cost principle
D. Full disclosure principle
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
the Matching Principle What is the Matching Principle The mat...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Match the correct term with its definition. A. cost principle B. full disclosure principle C. separate entity concept D. monetary measurement concept E. conservatism F. revenue recognition principle...
-
Mastery Problem The Adjusting Process Unadjusted Financial Statements These financial statements were prepared from the unadjusted trial balance Cole Designs Inc Income Statement For the Year Ended...
-
Multiple Choice Questions 1. Which of the following is not included in the definition of accounting? a. Identifying economic information b. Measuring economic information c. Developing economic...
-
Let be twice-differentiable and one-to-one on an open interval I. Show that its inverse function g satisfies When is increasing and concave downward, what is the concavity of -1 = g? g"(x) =...
-
When would an investor likely do the following? a. Buy a call on a stock index. b. Buy a put on interest rate futures
-
The solubility of CO2 in water at 25C and 1 atm is 0.034 mol/L. What is its solubility under atmospheric conditions? (The partial pressure of CO2 in air is 0.0003 atm.) Assume that CO2 obeys Henry's...
-
Refer to Figure 8, the sequence diagram for the Make Appointment use case. Three spaces are identified in this diagram. Explain the significance of each.
-
A soap manufacturer tested a standard bar of soap to see how long it would last. A test subject showered with the soap each day for 15 days and recorded the Weight (in grams) of the soap after the...
-
Provide in detail the process for contesting OSHA citations.
-
Skillings Industrial Chemicals, Inc., operates a refinery in southwestern Ohio near the Ohio River. The companys primary product is manufactured from a chemical process that requires the use of two...
-
Sewn for You had the following transactions in its first week of business. A. Jessica Johansen started Sewn for You, a seamstress business, by contributing $20,000 and receiving stock in exchange. B....
-
What types of accounts will increase with a credit?
-
What two properties define a stem cell? Distinguish between a totipotent stem cell, a pluripotent stem cell, and a precursor (progenitor) cell.
-
Some suggest that a dollar value cannot be placed on life; that is, life is priceless. Explain how the dilemma to social decision created by this view might be resolved.
-
Are jobs that are created as a result of a social project considered as a benefi t, a cost, or both?
-
What role did public health play in the historical decline in mortality rates?
-
Suppose, in Exercise 5, that Johns wage rises from $200 to $210 per day. Show how his equilibrium level of income and laborleisure will change. Exercise 5 Suppose that John chooses to work 200 days...
-
Explain or show why the impact of changes in coinsurance rates on demand depends on the elasticity of demand. What sorts of health care goods or services will be responsive to changes in coinsurance...
-
Why do standard setters formulate rules for the disclosure of related party relationships?
-
Quadrilateral EFGH is a kite. Find mG. E H <105 G 50 F
-
When compared to manufacturing companies, service industries do not generally use ________ as a component of product cost.
-
In a job order cost system, overhead applied is debited to which account? A. Work in process inventory B. Finished goods inventory C. Manufacturing overhead D. Cost of goods sold
-
A companys individual job sheets show these costs: Overhead is applied at 1.25 times the direct labor cost. Use the data on the cost sheets to perform these tasks: A. Apply overhead to each of the...
-
As the auditor of CK Ltd., you did positive accounts receivable confirmations as of the year-end date, April 30, 2013. You selected your sample from a list of customers and their balances prepared by...
-
During the first week of January 20X4, Tom Fasbee called you to his office and asked if you would be willing to review HydroQual's financial statements one more time. The company had decided to offer...
-
1. Impairment tests are required for all investments except those designated FVTPL . Provide 3 indicators of Credit Impairment on Bonds 2. Tiger Corporation owns 45% of Rabbit Ltd.Tiger Corporation...
Study smarter with the SolutionInn App