Multiple Choice
In March 2010, a company salesperson sold some inventory and would receive a commission on those sales in April. The commission should be recognized as
A) an expense in April under the accrual principle.
B) an expense in April under the matching principle.
C) an expense in March under the matching principle.
D) an asset until April under the going concern principle.
E) a dividend in March under the entity principle.
Correct Answer:

Verified
Correct Answer:
Verified
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