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    Financial and Managerial Accounting Study Set 1
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    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    The Expense Recognition (Matching)principle Requires That Expenses Get Recorded in the Same
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The Expense Recognition (Matching)principle Requires That Expenses Get Recorded in the Same

Question 73

Question 73

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 necessarily when cash is paid.

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