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An Objective of the Expense Recognition Principle ("Matching")is to Have

Question 28

Multiple Choice

An objective of the expense recognition principle ("matching") is to have bad debt expense debited in:


A) the same period that the related accounts receivable is determined to be uncollectible.
B) the same period the related credit sales are recorded.
C) a later period after the related credit sales are recorded.
D) the period that a customer eventually becomes bankrupt.

Correct Answer:

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