Which one of the following is true according to Generally Accepted Accounting Principles?
A)Depreciation may or may not be recorded at management's discretion.
B)Income is recorded based on the matching principle.
C)Costs are recorded based on the realization principle.
D)Depreciation is recorded based on the recognition principle.
E)Costs of goods sold are recorded based on the matching principle.

Question

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The Answer of Which one of the following is true according to Generally Accepted Accounting Principles?
A)Depreciation may or may not be recorded at management's discretion.
B)Income is recorded based on the matching principle.
C)Costs are recorded based on the realization principle.
D)Depreciation is recorded based on the recognition principle.
E)Costs of goods sold are recorded based on the matching principle.

Which One of the Following Is True According to Generally