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Which of the following most correctly describes the matching principle? A. For every dollar of revenue recognized, the company should recognize a corresponding dollar of

Which of the following most correctly describes the matching principle?

A. For every dollar of revenue recognized, the company should recognize a corresponding dollar of expenses

B. Every asset should be matched with a corresponding liability or equity

C. Revenue should be recognized in the same period it is earned

D. The cost of goods should be expensed in the same period as the related revenue is recognized

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