Recognizing byproduct cost at the time of sale is based on the matching principle.

Name: Recognizing byproduct cost at the time of sale is based on the matching principle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Recognizing byproduct cost at the time of sale is based on the realization principle, not the matching principle. The realization principle focuses on recognizing revenue and related expenses at the time of sale, while the matching principle focuses on matching expenses with the revenues they help to generate.

Recognizing Byproduct Cost at the Time of Sale Is Based