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The following does not describe the Matching principle a. Expenses are reported on the Income Statement when related revenue is recognized b. Expenses are reported
The following does not describe the Matching principle
a.
Expenses are reported on the Income Statement when related revenue is recognized
b.
Expenses are reported on the Income Statement when cash is paid
c.
Expenses are recorded in the same period as the revenues they helped generate
d.
Expenses are reported on the Income Statement regardless of when cash is paid
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