wk 5discussion - 1. The matching principle is one of the basic underlying guidelines in accounting The matching principle directs a company to report an

wk 5discussion - 1. The matching principle is one of the...

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1. Describe the matching principle.   2. What are the three methods for matching costs with revenue? Choose one  and give an example Direct-  For preparing the Operating Activities section of the statement of cash flows, the approach, in which cash receipts and cash payments are reported Indirect- For preparing the Operating Activities section of the statement of cash flows, the approach in which net income is reconciled to net cash flow from operations

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