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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
  5. Question
    The Expense Recognition (Matching) Principle Is Used to Determine How
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The Expense Recognition (Matching) Principle Is Used to Determine How

Question 107

Question 107

True/False

The expense recognition (matching) principle is used to determine how much of the cost of goods available for sale is deducted from sales and how much is carried forward as inventory.

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