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The Matching Principle Requires Businesses to Report Warranty Expense ________

Question 59

Multiple Choice

The matching principle requires businesses to report Warranty Expense ________.


A) in the same period that the company records the revenue related to that warranty
B) in the period prior to which the company records the revenue related to that warranty
C) in the period after the related revenue is recorded
D) in the long-term assets section of the balance sheet

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