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The GAAP matching principle states A. transactions need to coincide with each other during the period either revenue is recognized or expenses are incurred B.

The GAAP matching principle states

A. transactions need to coincide with each other during the period either revenue is recognized or expenses are incurred

B. the auditors must match each cash transaction to an appropriate financial statement

C. company accountants need to perform a full cash reconciliation matching cash inflows and outflows

D. all the above (a-c)

E. none of the above

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