Which of the following statements is incorrect?

(a) The accrual method, which builds directly on the revenue and matching principles,

ignores the timing of cash receipts or payments when determining when to recognize

revenue or expenses.

(b) Expenses are matched with revenue, not the reverse.

(c) In accordance with the unit of measure assumption, accountants normally revise the

amounts to reflects the changing purchasing power of money due to inflation or

deflation.

(d) In accordance with the going concern assumption, the life of a business is presumed to

be indefinite.