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

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 12, 2012 03:49 AM

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How do the matching principle and the conservatism convention 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

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