A cause-and-effect relationship is implicit in the:
A)Realization principle.
B)Historical cost principle.
C)Matching principle.
D)Going concern assumption.

Name: A cause-and-effect relationship is implicit in the: A)Realization principle. B)Historical cost principle. C)Matching principle. D)Going concern assumption.
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Question

Quizplus · Accepted Answer

The matching principle requires that expenses be matched with the revenue they help generate. This implies a cause-and-effect relationship between expenses and revenue.

A Cause-And-Effect Relationship Is Implicit in The