A company must record its expenses incurred to generate the revenue reported. It is about:
a. Going-Concern Assumption
b. Business Entity Assumption
c. Time Period Assumption
d. Matching Principle
e. Cost Principle
Answer: D
A company must record its expenses incurred to generate the revenue reported. It is about:
a. Going-Concern Assumption
b. Business Entity Assumption
c. Time Period Assumption
d. Matching Principle
e. Cost Principle
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