Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 70: BE2-8b

Answer

(b) Yahoo, Inc.- Matching

Work Step by Step

The matching concept allows entities to recognize revenue and its affiliated expenses in the same financial period. Thus, this why Yahoo, Inc. acknowledges the machines depreciation alongside the revenue generated.
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