The matching principle is best demonstrated by
A. not recognizing any expense unless some revenue is realized.
B. associating effort (expense) with accomplishment (revenue).
C. recognizing prepaid rent received as revenue.
D. measuring expenses correctly.
Answer:B
The matching principle is best demonstrated by
A. not recognizing any expense unless some revenue is realized. B. associating effort (expense) with accomplishment (revenue). C. recognizing prepaid rent received as revenue. D. measuring expenses correctly.