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Which one of the following statements regarding the Matching Principle is false? To qualify as a capital expenditure, it must have future benefit for a
Which one of the following statements regarding the Matching Principle is false?
To qualify as a capital expenditure, it must have future benefit for a reasonably estimable time. | |
All expenses should be recorded in the same period as the revenue they are related to. | |
In some cases, the constraining principle of Conservatism will override the Matching Principle. | |
All expenditures that have probable future benefit should be capitalized. |
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