标题: Reading 32: Understanding the Income Statement LOS C习题精选 [打印本页]
作者: honeycfa 时间: 2010-4-17 20:57 标题: [2010]Session 8-Reading 32: Understanding the Income Statement LOS C习题精选
LOS c: Discuss the general principles of expense recognition, such as the matching principle, specific expense recognition applications (including depreciation of long-term assets and inventory methods), and the implications of expense recognition principles for financial analysis.
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?
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A) |
The matching and accrual principles. | |
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B) |
The matching principle for revenue and expense recognition. | |
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C) |
The accrual and expense recognition principles. | |
The accrual concept states that revenue is recognized when the earnings process is completed and cash receipt is assured.
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