Accounting: Information for Decisions - Wild, Shaw, Chiappetta, 70, Adjusting Accounts for Financial Statements Type your answer in the box. The expense recognition (matching) principle aims to record (expenses/assets/ilabilities) in the same accounting period as the (expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the (timing/adjusting/estimating process, Read about the Do you know the answer? I know it Thako No Idee www w w w, Snow, Chiappetta, 7e, Adjusting Accounts for nancial Statements What are current liabilities? (Check all that apply.) Check all that apply. Current liabilities are obligations due to be paid within one year. Current liabilities are reported in the order of those to be settled first. Current liabilities are obligations that are not due to be settled within one year or the operating cycle, whichever is longer. Current liabilities are property, plant and equipment that are tangible and depreciated Current liabilities are usually settled by paying out current assets such as cash. Do you know the answer? I know it Think so Unsu No idea 20 ums