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pexels-kulbir-11079217
pexels-kulbir-11079217
Most companies recognize revenue when it is earned, and the expenses associated with that revenue in the same period.
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Most companies recognize revenue when it is earned, and the expenses associated with that revenue in the same period.
Matching Principle - Chapter 3 Most companies recognize revenue when it is earned, and the expenses associated with that revenue in the same period. Companies follow this protocol due to the Matching Principle. Using at least 1 outside source (not your textbook) Explore in detail one exception to the Matching Principle. You must explain the exception, why this exception exists, and how the Income Statement would be affected if this exception did not exist. Book/Materials-Fundamentals of Financial Accounting 7e (with Connect) Author: Philips, F., et al. (2022) Publisher: McGraw Hill Edition: 7TH ISBN: 978-1260771381

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