Multiple Choice
In a recent annual report,Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies Apple's use of:
A) Conservatism.
B) The matching principle.
C) Realization principle.
D) Economic entity.
Correct Answer:

Verified
Correct Answer:
Verified
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