Question 39 Match the items in the left column with those in the right column. Materiality Convention Full-disclosure Principle Revenue recognition Principle Matching Principle Cost Principle [Choose ] [Choose] Don't worry about the trivial Record revenue when earned Deals with the timing of expense and revenue recognition Include all important things in financial statements Exchange-price principle [Choose ]
Question 39 Match the items in the left column with those in the right column. Materiality Convention Full-disclosure Principle Revenue recognition Principle Matching Principle Cost Principle [Choose ] [Choose] Don't worry about the trivial Record revenue when earned Deals with the timing of expense and revenue recognition Include all important things in financial statements Exchange-price principle [Choose ]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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