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Which of the following is not an example of matching revenues and expenses? Multiple Choice Manufacturing costs are identified with specific products and are charged
Which of the following is not an example of matching revenues and expenses? Multiple Choice Manufacturing costs are identified with specific products and are charged to cost of goods sold when the products are sold. Insurance premiums cover specific periods and are charged to expense over those periods. Recording furniture purchased at the cost of the furniture and not the current market value. General office salaries do not clearly benefit future periods and are charged to expense when they are incurred
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