The expense matching principle states that:   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.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 2MC: Which of the following best represents the matching principle criteria? A. Expenses are reported in...
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The expense matching principle states that:

 

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.
 
 
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