Paige Turner Publishing's employees worked the last 3 days of December 2013, that they will not be paid for until January 2014. According to the matching principle, Paige Turner Publishing should recognize the wages expense for the last 3 days of 2013

Question

Quizplus · Accepted Answer

The matching principle requires that expenses be recognized in the same period as the revenue they help generate. In this case, the wages expense incurred during the last 3 days of December 2013 helped generate revenue for December 2013, so it should be recognized in 2013.

Paige Turner Publishing's Employees Worked the Last 3 Days of December