Under the accrual basis of accounting, the ________ recognition ("matching") principle requires that expenses be recognized in the same period as the related revenues.

A. revenue
B. separate
C. expense
D. cost


Answer: C

Business

You might also like to view...

Companies that produce lawn mowers to meet demand during the summer months can also manufacture snow blowers for the winter. This approach is an example of ______.

a. developing counter-seasonal products and services b. matching supply and demand with backorders c. matching price with demand d. advertising and promotions

Business

A(n) ____is intended to persuade and inform.

A. proposal B. report C. both a. and b. D. neither a. nor b.

Business

Compare customer relationship management, supplier relationship management, partner relationship management and employee relationship management.

What will be an ideal response?

Business

In a net change MRP system, requirements and schedules are considered rigid and never updated.

Answer the following statement true (T) or false (F)

Business