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Financial Reporting MCQs

The matching principle is:

when a company must disclose all pertininant information in regards to the financial statement which would affect an investor's decision

when a company will record its revenue

when the cost of something matches up with the accounting information on the balance sheet

that a company must declare its expenses and revenues together in the same period

Answer

Correct Answer: that a company must declare its expenses and revenues together in the same period

Explanation:

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