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Which of the following statements is true concerning the matching principle? a. All costs can be indirectly matched with periods in which they provide a
Which of the following statements is true concerning the matching principle?
a. All costs can be indirectly matched with periods in which they provide a benefit.
b. The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle.
c. Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.
d. All costs can be directly matched with revenue.
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