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3. Which of the following best describes the matching principle a. Current assets are matched with current liabilities b. Net income is matched with current

3. Which of the following best describes the matching principle a. Current assets are matched with current liabilities b. Net income is matched with current assets created in the accounting period c. A/R of the period are matched with the sales generated in the same period d. Revenue of the period are matched with expenses required to create those revenues

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