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Which of the following is an example of the matching principle? 1. A trial balance is prepared to ensure that debits equal credits. 2. Financial
Which of the following is an example of the matching principle? 1. A trial balance is prepared to ensure that debits equal credits. 2. Financial statements are prepared at the close of every accounting cycle. 3. An asset is depreciated over its useful life as it generates revenue for the business. 4. All of the above. o 0 O2 3 3 4
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