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Which of the following best represents the matching principle criteria? Expenses are reported in the period in which they were incurred. Expenses may be reported

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Which of the following best represents the matching principle criteria? Expenses are reported in the period in which they were incurred. Expenses may be reported in a different period than the matching revenues. Revenue and expenses are matched based on when expenses are paid. Revenue is recognized when an order occurs and not when the actual sale is initiated

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