Answered: Under the U.S. GAAP, which of the…

Under the U.S. GAAP, which of the following is not an approach used to determine when to report an expense? A. match with revenues B. when incurred C. systematic allocation D. net realizable value

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 12MC: Which of the following principles matches expenses with associated revenues in the period in which...

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Question

Under the U.S. GAAP, which of the following is not an approach used to determine when to report an expense?

match with revenues

when incurred

systematic allocation

net realizable value

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