________ allows financial statement users to see how much net gain results from the assets that had to be given up in order to generate revenues during a given period.
A) Materiality
B) Revenue recognition
C) Compliance
D) Full disclosure
E) Matching

Question

Quizplus · Accepted Answer

Matching principle requires the recognition of expenses and revenues in the same accounting period. It allows financial statement users to see how much net gain results from the assets that had to be given up in order to generate revenues during a given period.

________ Allows Financial Statement Users to See How Much Net