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Business, 06.08.2021 17:50 isaaccott013

The concept of matching revenue and expense refers to the fact that: Multiple Choice all costs incurred in the process of earning revenues during a period are recorded as expenses in that period. all cash disbursements during a period are subtracted from all cash receipts during the period. expenses for a period equal the revenues for the period. costs incurred in the process of earning revenues during a period are deferred and expensed in a future period.

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