Business
Business, 04.03.2020 04:59, jovonjones1234

The expense recognition principle, also called the matching principle: Multiple Choice

Provides guidance on when a company must recognize revenue.
Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
Prescribes that accounting information is based on actual cost.
Prescribes that a company report the details behind financial statements that would impact users' decisions.
Prescribes that a company record the expenses it incurred to generate the revenue reported.

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The expense recognition principle, also called the matching principle: Multiple Choice

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