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    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
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    The Expense Recognition (Matching) Principle Requires That Expenses Get Recorded
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The Expense Recognition (Matching) Principle Requires That Expenses Get Recorded

Question 154

Question 154

True/False

The expense recognition (matching) principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

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