Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is: called the matching principle. Ononexistent; that

image text in transcribed

The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is: called the matching principle. Ononexistent; that is, there is no such accounting requirement. O called the materiality principle. O called the consistency principle. called the physical flow assumption

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud In Accounts Payable How To Prevent It

Authors: Mary S. Schaeffer

1st Edition

0470260459, 978-0470260456

More Books

Students also viewed these Accounting questions

Question

4 ) - - IC) (chr ) 4 ) - - IC) (chr )

Answered: 1 week ago

Question

I receive useful feedback about my performance.

Answered: 1 week ago

Question

I am encouraged to offer opinions/suggestions.

Answered: 1 week ago