Question 39 Match the items in the left column with those in the right column. Materiality Convention Full-disclosure Principle Revenue recognition Principle Matching Principle Cost Principle [Choose ] [Choose] Don't worry about the trivial Record revenue when earned Deals with the timing of expense and revenue recognition Include all important things in financial statements Exchange-price principle [Choose ]
Question 39 Match the items in the left column with those in the right column. Materiality Convention Full-disclosure Principle Revenue recognition Principle Matching Principle Cost Principle [Choose ] [Choose] Don't worry about the trivial Record revenue when earned Deals with the timing of expense and revenue recognition Include all important things in financial statements Exchange-price principle [Choose ]
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter26: Cost Allocation And Activity-Based Costing
Section: Chapter Questions
Problem 7DQ
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Question 39
Match the items in the left column with those in the right column.
Materiality Convention
Full-disclosure Principle
Revenue recognition Principle
Matching Principle
Cost Principle
[Choose ]
[Choose ]
Don't worry about the trivial
Record revenue when earned
Deals with the timing of expense and revenue recognition
Include all important things in financial statements
Exchange-price principle
[Choose ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf5ebb28-bb11-43f3-8229-ba9621ad33e6%2F23462dab-d3da-4957-b821-baf2fd461c51%2Fi6grgf4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:D
Question 39
Match the items in the left column with those in the right column.
Materiality Convention
Full-disclosure Principle
Revenue recognition Principle
Matching Principle
Cost Principle
[Choose ]
[Choose ]
Don't worry about the trivial
Record revenue when earned
Deals with the timing of expense and revenue recognition
Include all important things in financial statements
Exchange-price principle
[Choose ]
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