How do the matching principle and conservatism enter into the accounting for contingencies?

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Oct 05, 2015 05:16 AM

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How do the matching principle and conservatism enter into the accounting for contingencies?

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The matching principle refers to the fact that a company should match expenses arising ...View the full answer

Intermediate Accounting Reporting and Analysis

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