Answer
(b) Matching
Work Step by Step
The matching principle in accrual accounting stipulates that expenses affiliated with an asset should be recognized in the same period when the revenue is recognized.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 71: BE2-12b
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