Problem
1. Four points in the revenue cycle, from production through to cash collection, are possible events for revenue recognition. "hat relevant mity for revenue recognition, and which approach is used in practice?
2. What is the matching concept and why is there an implied hierarchy for expense recognition?
3. Why is there no matching problem for periodic COSTS, and what are some examples?
4. What types of costs present matching problems, how are they dealt with, and what are some examples of such costs?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.