The primary objective of the matching principle is toa. Provide full disclosureb. Record expenses in the period that related revenues are recognizedc. Provide timely information to decision makersd. Promote comparability between financial statements of different periods
The primary objective of the matching principle is toa. Provide full disclosureb. Record expenses in the period that related revenues are recognizedc. Provide timely information to decision makersd. Promote comparability between financial statements of different periods
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 12MC: Which of the following principles matches expenses with associated revenues in the period in which...
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The primary objective of the matching principle is to
a. Provide full disclosure
b. Record expenses in the period that related revenues are recognized
c. Provide timely information to decision makers
d. Promote comparability between financial statements of different periods
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