Which of the following best explains the matching principle?
A . Revenues should be recognized when earned.
B . Revenue recognition is matched with cash.
C . Expense recognition is tied to revenue recognition.
D . Expenses are recognized at each accounting period.
Answer: C
Latest IIA-CIA-Part3 Dumps Valid Version with 402 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund