The expense recognition principle (matching) controls a. Where on the income statement expenses should be presented. b.

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The expense recognition principle (“matching”) controls

a. Where on the income statement expenses should be presented.
b. When revenues are recognized on the income statement.
c. The ordering of current assets and current liabilities on the balance sheet.
d. When costs are recognized as expenses on the income statement.

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Related Book For  book-img-for-question

Fundamentals Of Financial Accounting

ISBN: 9780073527109

3rd Edition

Authors: Fred Phillips, Robert Libby, Patricia A Libby

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