Question: i need help answering the question . these are the choices you can pick between: Expense recognition principle Losses Operating cycle Revenues Time period assumption
i need help answering the question
. these are the choices you can pick between:
- Expense recognition principle
- Losses
- Operating cycle
- Revenues
- Time period assumption
- None of these are correct
6 M3-1 (Static) Matching Definitions with Terms LO3-1, 3-2, 3-3 3.33 points Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term (that is, there are more definitions than terms). (Select "None of these are correct" if there is no Term for the "Definition".) Definition Term eBook A. Record revenues when earned and measurable (when the company transfers promised goods or services to customers, it should record the amount it expects to be entitled to receive). Time period assumption B. The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers. Operating cycle C. Record expenses when incurred in earning revenue. D. Decreases in assets or increases in liabilities from central ongoing operations. E. Report the long life of a company in shorter time periods. F. Increases in assets or decreases in liabilities from central ongoing operations. G. Decreases in assets or increases in liabilities from peripheral transactions. None of these are correct Expense recognition principle None of these are correct Time period assumption None of these are correct
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