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10 (2 points) Which of the following situations violates the matching principle during the current year for a real estate company that pays its agents
10 (2 points) Which of the following situations violates the matching principle during the current year for a real estate company that pays its agents on commission? Sales commissions are charged to expense in the current year on all sales made in the current year even though some of the commissions have not been paid. Insurance expense is recognized for the total cost of a 1-year policy purchased in July of the current year. Wages expense is recognized in the current year even though payday is not until sometime in' next year. Sales commissions paid in the current year for next-year commissions are recorded as prepaid expenses for the current year. Question 11 (2 points) A tax service prepared
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