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Listed Below Are the Three Expense Recognition Principles Followed by a Series

Question 93

Essay

Listed below are the three expense recognition principles followed by a series of expense items.
a. association of cause and effect
b. systematic and rational allocation
c. immediate recogrition

Listed below are the three expense recognition principles followed by a series of expense items.  a. association of cause and effect b. systematic and rational allocation c. immediate recogrition      Required: Match the expense recognition principles to their corresponding expenses by placing the appropriate letter in the space provided.

Required:
Match the expense recognition principles to their corresponding expenses by placing the appropriate letter in the space provided.

Correct Answer:

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