When products are delivered, their costs are matched with revenues in the period in which the sale

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When products are delivered, their costs are matched with revenues in the period in which the sale takes place. These costs become expenses of that period. This is one application of the m ______ concept. Other costs associated with activities of the current period are also expenses, even though they are not directly related to the products delivered in the period.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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