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Match each GAAP principle to its best description. Cost principle Matching principle Time-period principle Revenue principle Monetary unit principle Full disclosure principle Express amounts in
Match each GAAP principle to its best description. Cost principle Matching principle Time-period principle Revenue principle Monetary unit principle Full disclosure principle Express amounts in a consistent currency (U.S. dollars). Expenses must be recorded in the same time period as the revenue they generate. The amount recorded in the financial records reflects the cost paid. Accounting activity must be reported over specific periods. A public company must report all pertinent information about company activities. Revenue is recorded when earned, regardless of when cash exchanges hands
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