Reading 32: Understanding the Income Statement - LOS c ～ Q1 generated, services, revenue, period, style

mayanfang1

Q1. When the cost of goods and services used are recognized as an expense in the same period that its generated

revenue is recognized, which of the following principle(s) is/are being described?

A)     The matching and accrual principles.

B)     The accrual and expense recognition principles.

C)     The matching principle for revenue and expense recognition.

shing1314

thanks fir sahring

songxiantan

good

kepei7763

thx

zsd425

 谢谢

lebronbo

y

chrisyikhei

 yes

tctsr

Good

linsenhahaxiao

thanks

spidermanyan

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