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The matching principle requires: a.That expenses be ignored if their effect on the financial statements are less important than revenues to the financial statement user.
The matching principle requires:
a.That expenses be ignored if their effect on the financial statements are less important than revenues to the financial statement user.
b.That bad debts not be written off.
c.The use of the allowance method of accounting for bad debts.
d.That bad debts be disclosed in the financial statements.
e. The use of the direct write-off method for bad debts.
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