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Companies make sacrifices known as expenses to obtain benefits called revenues. The accurate measurement of net income requires that expenses be matched with revenues. In

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Companies make sacrifices known as expenses to obtain benefits called revenues. The accurate measurement of net income requires that expenses be matched with revenues. In some circumstances matching a particular expense directly with revenue is difficultor impossible. In these circumstances, the expense is matched with the period in which it is incurred. Required Distinguish the following items that could be matched directly with revenues from the items that would be classified as period expenses Classification Items Sales commissions Salaries expense Advertising expense

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