When does the matching principle require modification in start-up companies? a) When substantial costs precede any revenue generation b) Only after becoming profitable c) During normal operations d) For tax reporting only
When does the matching principle require modification in start-up companies? a) When substantial costs precede any revenue generation b) Only after becoming profitable c) During normal operations d) For tax reporting only
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 23GI
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When does the matching principle require modification in start-up companies?

Transcribed Image Text:When
does the matching principle require
modification in start-up companies?
a) When substantial costs precede any revenue
generation
b) Only after becoming profitable
c) During normal operations
d) For tax reporting only
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