What is the practice of matching


Question: The practice of matching Question Select one: a. illustrates the cause and effect relationship between money spent to earn revenues and the revenues themselves. b. dictates that efforts (expenditures) be matched with associated cash flow. c. requires arbitrary allocation of an asset's contribution to a revenue stream. d. is required by GAAP to approximate an asset's contribution to an entity's periodic cash flow.

 

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Accounting Basics: What is the practice of matching
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