Match the most probable matching method to the costs listed below.
-Taxes owed on income earned during the current period
A)Directly match a specific revenue.
B)Indirectly match with the period during which it will provide revenue.
C)Immediately recognize because no future benefits are expected.

Question

Quizplus · Accepted Answer

Taxes owed on income earned during the current period are expenses that do not provide future economic benefits and are directly related to the activities of the current period. Therefore, they are recognized immediately.

Match the Most Probable Matching Method to the Costs Listed