The matching principle is best described as the process of a. Matching assets to liabilities and owners'

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The matching principle is best described as the process of

a. Matching assets to liabilities and owners' equity.

b. Recognizing a cost as an expense in the period in which it is used to generate revenue.

c. Matching cash collections to revenue.

d. Matching income to owners' equity.

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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