The "matching principle" refers to?

a. Making sure assets equal liabilities plus equity on the balance sheet

b.Matching costs with associated revenues to determine profits

c.Matching sales to the correct advertising campaign

d.Matching current liabilities to current assets on the balance sheet

Which of the following statements regarding depreciation is false?

a.Depreciation is a method of spreading the cost of an item over its useful life

b.Depreciation is a non-cash expense

c.Depreciating an investment faster will result in better cash flow.

d.A company that wants to increase its reported income would depreciate a purchase over a longer time than a company that wants to lower its income and reduce tax burden

e.Most capital expenditures are depreciated

If a company needs cash they can (choose the correct answer)

a.Get a loan

b.find more investors

c.Tighten up operations(negotiate better terms with vendors, tighter inventory, better collections)

d. all of the above.