The matching principle states that ________
A) financial statements can be prepared for specific periods
B) a business's activities can be sliced into small time segments
C) all expenses should be recorded when they are incurred during the period
D) companies should record revenue when it has been earned
C
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A longitudinal design differs from a cross-sectional design in that the sample or samples remain the same over time
Indicate whether the statement is true or false
Which of the following is NOT a required disclosure for lessors?
a. Total of minimum sublease rentals to be received in the future under noncancelable subleases b. Unearned interest revenue c. Unguaranteed residual values accruing to the benefit of the lessor d. A general description of the lessor's leasing arrangements
It is estimated that ______ of the days employees are absent from work due to stress.
A. 75% B. 46% C. 66% D. 50%
Aamir has $25,000 of net Sec. 1231 gains this year on business assets. In addition, he incurred $18,000 of loss on the sale of stock held six months. Aamir will include in his AGI
A. $22,000 net capital gain. B. $3,000 short-term capital loss and $25,000 ordinary gain. C. $7,000 net capital gain. D. $7,000 short-term capital gain.