The accounting principle that requires revenue to be reported when earned is the:
a. Matching principle.
b. Revenue recognition principle.
c. Time period principle.
d. Accrual reporting principle.
e. Going-concern principle.
Answer: B
The accounting principle that requires revenue to be reported when earned is the:
a. Matching principle.
b. Revenue recognition principle.
c. Time period principle.
d. Accrual reporting principle.
e. Going-concern principle.
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