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The concept of matching revenue and expense refers to the fact that: a. expenses for a period equal the revenues for the period. b. all
The concept of matching revenue and expense refers to the fact that: a. expenses for a period equal the revenues for the period. b. all costs incurred in the process of earning revenue during a period are recorded as an expense in that period. c. all cash disbursements during a period are subtracted from all cash receipts during the period. d. costs incurred in the process of earning revenue during a period are deferred and expensed in a future period
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