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The matching principle advocates that: Select one: a. costs should be recorded on the income statement whenever those costs can be reliably determined.b. costs should
The matching principle advocates that:
Select one:
a. costs should be recorded on the income statement whenever those costs can be reliably determined.b. costs should be recorded when paid.c. the costs of producing an item should be recorded when the sale of that item is recorded as revenue.d. sales should be recorded only when the sale is matched with a cash receipt.e. sales should be recorded when the earnings process is virtually completed and the value of the sale can be determined.
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