Answered: The expense recognition principle…

The expense recognition principle matches Select one: a. expenses with revenues. b. creditors with businesses. c. assets with liabilities. d. customers with businesses.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 4MC: The balance sheet lists which of the following? A. assets, liabilities, and owners equity B....

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Question

The expense recognition principle matches

Select one:

a. expenses with revenues.

b. creditors with businesses.

c. assets with liabilities.

d. customers with businesses.

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