Question: Multiple Select Question Select all that apply Which of the following statements describes the expense recognition ( matching ) priociple? Expenses are recorded when they

Multiple Select Question
Select all that apply
Which of the following statements describes the expense recognition (matching) priociple?
Expenses are recorded when they are paid and revenues are recorded when payment is received.
Matching of expenses with revenues is a major part of the adjusting process.
Revenues are recorded when they are earned or services are performed.
Expenses should be matched in the same accounting period as the revenues that are recognized as a result of those expenses.
Multiple Select Question Select all that apply Which of the following

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