The expense matching principle states that Saved Saved Multiple Choice Expenses are recognized when paid All expenses are recognized when the corresponding revenue is recorded Some expenses are recognized when the corresponding revenue is recognized and some are spread over time. Expenses are recognized when the invoice is received For a disposal group to be considered held for sale, which of the following conditions are required to be met? Multiple choice Management has committed to a plan to see the component The sale is probable and is expected to be completed within one year, The component is available for immediate sale in its present condition subject only to usual and customary terms for such sales All of these conditions must be met GAAP requires firms to report comprehensive income: Multiple Choice at the end of the income statement. O as one separate statement of comprehensive income. O in the statement of changes in stockholders' equity Which one of the following is part of other comprehensive income (OC)? Multiple Choice Unrealized gains resulting from remeasuring foreign currency financial statements of majority-owned subsidiaries to US. dollar amounts Gains on sales of treasury stock Receipt of land donated by a governmental unit Sale of common stock above par GAAP requires that each set of EPS numbers includes separately reported numbers for all of the following except Multiple Choice special or unusual items. income from continuing operations. discontinued operations net income