Matching Principle Study Resources

Most Popular Matching Principle Documents

• 9 Pages

  • 10.6.11 Handout #5

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  10.6.11 Handout #5

  School: University Of North Carolina, Greensboro

  Course: ACC 201

  ... 1, Chapter 5, 2, Key Terms & Concepts, 3, 4, Accounts Receivable vs. Notes Receivable, 5, 6, Accounts Receivable, 7, Allowance for Doubtful Accounts & Matching Principle, 8, Uncollectible Accounts Expense (or Bad Debt Expense), ...

• 54 Pages

  • PowerPoint - Ch.3

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  PowerPoint - Ch.3

  School: California State University, Dominguez Hills

  Course: ACC 230

  ... When the cash is received the ACCOUNTS RECEIVABLE is reduced. Cash will be collected. Cash (+A) xxx Accounts receivable (-A) xxx. 3-. Revenue Principle. Assets reflecting revenues earned but. not yet received in cash include . . . 3-. The Matc...

• 2 Pages

  • Krishna Panday - AC300-02- Unit 3 Assignment

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  Krishna Panday - AC300-02- Unit 3 Assignment

  School: Kaplan University

  Course: ACC 301

  Krishna Panday. AC300. Section 02. Unit 3. Explain the rationale for recognizing costs as expenses at the time of a product sale. Recognizing costs as expenses is basically the Matching Principle; Benefit = Sales of goods. Expense = Production cos...

• 4 Pages

  • ACCT 161

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  ACCT 161

  School: Grant MacEwan University

  Course: ACCT 161

  ... Might collect any amount. Matching principle: estimate what might not be collected. Create journal entry from balance sheet. Look at next year. ...

Most Recent Matching Principle Documents Uploaded All Recent Matching Principle Study Resources Documents

• 180 Pages

  • Sol_Suggested Problems_7 Edition

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  Sol_Suggested Problems_7 Edition

  School: Baruch College, CUNY

  Course: ACCOUNTING 3000

• 21 Pages

  • MIDTERM1_review(2)

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  MIDTERM1_review(2)

  School: Baruch College, CUNY

  Course: ACC 3000

• 3 Pages

  • ACCT 51020 Chapter 12

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  ACCT 51020 Chapter 12

  School: Lindenwood University

  Course: ACCT 5102

• 3 Pages

  • Answer Keys to iLearn of Week 3

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  Answer Keys to iLearn of Week 3

  School: China West Normal University

  Course: ACCT 100

Matching Principle Essays View All Matching Principle Study Resources Essays

• 34 Pages

  • Chapter4PracticeTest

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  Chapter4PracticeTest

  School: NANJING AUDIT UNIVERSITY 

  Course: ACCOUNTING 1204

  ... CHAPTER STUDY OBJECTIVES. 1. Explain the revenue recognition principle and the matching principle. ... The matching principle dictates that companies recognize expenses when expenses make their contribution to revenues. ...

• 41 Pages

  • Chap003

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  Chap003

  School: The Hong Kong University Of Science And Technology

  Course: ACCT 101

  ... McGraw-Hill ACCT101 Fall 2010 The Matching Principle Resources consumed to earn ... generate that revenue. The Matching Principle 23 ...

• 1 Page

  • The matching principle provides the investor with more useful information on

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  The matching principle provides the investor with more useful information on

  School: University Of Phoenix

  Course: ACCOUNTING BSBH0CC3M4

  The matching principle provides the investor with more useful information on. the income statement. . How much the company incurs to support primary business operations is reported. as operating expenses. . ...

• 1 Page

  • part 1

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  part 1

  School: Lee University

  Course: ACCT 242

Matching Principle Homework Help View All Matching Principle Study Resources Homework Help

• 2 Pages

  • Which of the following represents a use of the

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  Which of the following represents a use of the

  School: University Of The Pacific, Stockton

  Course: BUSI 031

  Which of the following represents a use of the matching principle in accounting? I. The cost purchasing a good on account ...

• 4 Pages

  • Accounting_101

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  Accounting_101

  School: The University Of Sydney

  Course: ACCOUNTING 101

  ... C. Going-concern principle. D. Matching principle. E. Accrual basis of accounting. ... A. Matching principle. B. Revenue recognition principle. ...

• 9 Pages

  • Week 1 assignment - AC501

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  Week 1 assignment - AC501

  School: Ashford University

  Course: AC 501

  ... 5) Historical-cost principle 6) Matching principle. 7) Full disclosure principle 8) Cost-benefit relationship. ... 6 - Matching Principle. b) Indicated that market value changes subsequent to purchase are not recorded in the accounts. ...

• 26 Pages

  • CHAPTER 11

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  CHAPTER 11

  School: Grand Valley State University

  Course: ACC 310

  ... A. The matching principle requires that the net cost of an operational asset (cost less residual value) be allocated to the years of asset use in direct proportion to the role the asset plays in revenue production. ...

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• 54 Pages

  • PowerPoint - Ch.3

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  PowerPoint - Ch.3

  School: California State University, Dominguez Hills

  Course: ACC 230

  ... When the cash is received the ACCOUNTS RECEIVABLE is reduced. Cash will be collected. Cash (+A) xxx Accounts receivable (-A) xxx. 3-. Revenue Principle. Assets reflecting revenues earned but. not yet received in cash include . . . 3-. The Matc...

• 2 Pages

  • Krishna Panday - AC300-02- Unit 3 Assignment

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  Krishna Panday - AC300-02- Unit 3 Assignment

  School: Kaplan University

  Course: ACC 301

  Krishna Panday. AC300. Section 02. Unit 3. Explain the rationale for recognizing costs as expenses at the time of a product sale. Recognizing costs as expenses is basically the Matching Principle; Benefit = Sales of goods. Expense = Production cos...

• 4 Pages

  • ACCT 161

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  ACCT 161

  School: Grant MacEwan University

  Course: ACCT 161

  ... Might collect any amount. Matching principle: estimate what might not be collected. Create journal entry from balance sheet. Look at next year. ...

• 4 Pages

  • Week2LTAssignmentTeamCdue 4.15.13

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  Week2LTAssignmentTeamCdue 4.15.13

  School: University Of Phoenix

  Course: BUS ACC421

  ... 12, 13, b) Lower of cost or market is used to value inventories. 14, Conservatism, 15, 16, c) Financial information is presented so that investors will not be misled. 17, Full disclosure principle, 18, 19, d) Intangible assets are capitalized ...

Matching Principle Test Prep View All Matching Principle Study Resources Test Prep

• 9 Pages

  • 10.6.11 Handout #5

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  10.6.11 Handout #5

  School: University Of North Carolina, Greensboro

  Course: ACC 201

  ... 1, Chapter 5, 2, Key Terms & Concepts, 3, 4, Accounts Receivable vs. Notes Receivable, 5, 6, Accounts Receivable, 7, Allowance for Doubtful Accounts & Matching Principle, 8, Uncollectible Accounts Expense (or Bad Debt Expense), ...

• 1 Page

  • Quiz 1 Key

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  Quiz 1 Key

  School: Florida International University

  Course: ACG 4101

  Statement Assumption, Principle, Constraint. 1. f. Realization principle. 2. h. Full-disclosure principle. 3. g. Matching principle. 4. e. Historical cost principle. 5. c. Periodicity assumption. 6. a. Economic entity assumption. 7. i. Cost effect...

• 7 Pages

  • ACC 1.28

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  ACC 1.28

  School: Northern Arizona University

  Course: ACC 255

  ACC 255 Chapter 4 Accrual Accounting Concepts I. Explain the Revenue Recognition Principle and the Matching Principle. ... Accrual Accounting Concepts. I. Explain the Revenue Recognition Principle and the Matching Principle. ...

• 22 Pages

  • Chap003

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  Chap003

  School: University Of Denver

  Course: ACTG 4610

  ... expenses using the matching principle. ... 1, LO1, Discuss the revenue recognition principle, 5. 2, LO1, Discuss the matching principle, 5. ...

Most Recent Matching Principle Documents Uploaded

• 180 Pages

  • Sol_Suggested Problems_7 Edition

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  Sol_Suggested Problems_7 Edition

  School: Baruch College, CUNY

  Course: ACCOUNTING 3000

• 21 Pages

  • MIDTERM1_review(2)

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  MIDTERM1_review(2)

  School: Baruch College, CUNY

  Course: ACC 3000

• 3 Pages

  • ACCT 51020 Chapter 12

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  ACCT 51020 Chapter 12

  School: Lindenwood University

  Course: ACCT 5102

• 3 Pages

  • Answer Keys to iLearn of Week 3

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  Answer Keys to iLearn of Week 3

  School: China West Normal University

  Course: ACCT 100

• 1 Page

  • part 1

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  part 1

  School: Lee University

  Course: ACCT 242

• 5 Pages

  • Ch 3 in-class solutions

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  Ch 3 in-class solutions

  School: Grand Canyon University

  Course: ACC 460

• 6 Pages

  • Topic_02_Tut_Answers_Fin_Stms_and_Cash_Flow

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  Topic_02_Tut_Answers_Fin_Stms_and_Cash_Flow

  School: Hang Seng Management College

  Course: BBA 123

• 103 Pages

  • Ch003 and Ch4 2015-16 (1)

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  Ch003 and Ch4 2015-16 (1)

  School: The Open University Of Hong Kong

  Course: ACT 211

• 2 Pages

  • Accounting_Review_BU100

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  Accounting_Review_BU100

  School: SUNY Buffalo State College

  Course: ACCOUNTING ACC 100

• 8 Pages

  • AC 501 J Ashe Week 1 Homework

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  AC 501 J Ashe Week 1 Homework

  School: Kaplan University, Davenport

  Course: AC 501

• 4 Pages

  • Financial Accounting _60

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  Financial Accounting _60

  School: Stanford University

  Course: ACCT 213

• 11 Pages

  • 4.1 acct still working bmh

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  4.1 acct still working bmh

  School: Union College

  Course: ACCT 272

• 2 Pages

  • Group Disc 1

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  Group Disc 1

  School: Liberty University

  Course: ACCT 301

• 10 Pages

  • Assignment 4.1

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  Assignment 4.1

  School: Union College

  Course: ACTG 272

• 1 Page

  • 07-2 and 7-3 Bad Debt Concepts fill-in-3

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  07-2 and 7-3 Bad Debt Concepts fill-in-3

  School: Texas Tech University

  Course: ACCT 3307

• 2 Pages

  • A620 HW Chapter 4

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  A620 HW Chapter 4

  School: University Of New Haven

  Course: ACCOUNTING 1

Matching Principle Essays

• 34 Pages

  • Chapter4PracticeTest

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  Chapter4PracticeTest

  School: NANJING AUDIT UNIVERSITY 

  Course: ACCOUNTING 1204

  ... CHAPTER STUDY OBJECTIVES. 1. Explain the revenue recognition principle and the matching principle. ... The matching principle dictates that companies recognize expenses when expenses make their contribution to revenues. ...

• 41 Pages

  • Chap003

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  Chap003

  School: The Hong Kong University Of Science And Technology

  Course: ACCT 101

  ... McGraw-Hill ACCT101 Fall 2010 The Matching Principle Resources consumed to earn ... generate that revenue. The Matching Principle 23 ...

• 1 Page

  • The matching principle provides the investor with more useful information on

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  The matching principle provides the investor with more useful information on

  School: University Of Phoenix

  Course: ACCOUNTING BSBH0CC3M4

  The matching principle provides the investor with more useful information on. the income statement. . How much the company incurs to support primary business operations is reported. as operating expenses. . ...

• 1 Page

  • part 1

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  part 1

  School: Lee University

  Course: ACCT 242

• 1 Page

  • Lesson 3 Essay

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  Lesson 3 Essay

  School: Rio Salado Community College

  Course: ACC 111

• 2 Pages

  • acc lesson 3 essay

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  acc lesson 3 essay

  School: Rio Salado Community College

  Course: ACC 230

Matching Principle Homework Help

• 2 Pages

  • Which of the following represents a use of the

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  Which of the following represents a use of the

  School: University Of The Pacific, Stockton

  Course: BUSI 031

  Which of the following represents a use of the matching principle in accounting? I. The cost purchasing a good on account ...

• 4 Pages

  • Accounting_101

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  Accounting_101

  School: The University Of Sydney

  Course: ACCOUNTING 101

  ... C. Going-concern principle. D. Matching principle. E. Accrual basis of accounting. ... A. Matching principle. B. Revenue recognition principle. ...

• 9 Pages

  • Week 1 assignment - AC501

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  Week 1 assignment - AC501

  School: Ashford University

  Course: AC 501

  ... 5) Historical-cost principle 6) Matching principle. 7) Full disclosure principle 8) Cost-benefit relationship. ... 6 - Matching Principle. b) Indicated that market value changes subsequent to purchase are not recorded in the accounts. ...

• 26 Pages

  • CHAPTER 11

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  CHAPTER 11

  School: Grand Valley State University

  Course: ACC 310

  ... A. The matching principle requires that the net cost of an operational asset (cost less residual value) be allocated to the years of asset use in direct proportion to the role the asset plays in revenue production. ...

• 2 Pages

  • ACCT 3011 MW9 - HW 3

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  ACCT 3011 MW9 - HW 3

  School: Brooklyn College, CUNY

  Course: ACCT 3011

  HW 3. Depreciation, depletion and amortization are processes that attempt to satisfy the matching principle. Depreciation for plant and equipment, depletion for natural resources, and amortization for intangibles. ...

• 4 Pages

  • accounting_45

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  accounting_45

  School: The University Of Sydney

  Course: ACCOUNTING 45

  19. The matching principle requires that the total interest expense be allocated over the term of the note. True False 20. ...

• 3 Pages

  • Waste management

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  Waste management

  School: Lasalle University

  Course: ACC 772

  Waste Management. Answer 1: The matching principle is part of the set of standards belonging to GAAP. It follows accrual ...

• 1 Page

  • Revenue Recognition Principle

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  Revenue Recognition Principle

  School: University Of Phoenix

  Course: ACC 300

  ... the accrual accounting process. The other important principle is the matching principle. The revenue recognition principle ...

• 2 Pages

  • week 8 class discussion

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  week 8 class discussion

  School: Everest University Pompano Beach Campus

  Course: BUSINESS 1234

  ... Therefore the books will be off balance. Calculating costs of an assets useful life incorrectly violates the matching principle. ...

• 4 Pages

  • Accounting Principles and Assumptions Examples

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  Accounting Principles and Assumptions Examples

  School: University Of South Florida

  Course: ACG 2021

  Accounting Principles and Assumptions Examples Decide whether each of the examples below apply to either: historical cost principle, revenue recognition principle, matching principle, full disclosure principle, unit of measure ...

• 1 Page

  • Introduction to Corporate Accounting Week-6 Class discussion

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  Introduction to Corporate Accounting Week-6 Class discussion

  School: Everest University Pompano Beach Campus

  Course: BUSINESS 1234

  ... record the sale violate any accounting principle? If so, explain the principle it violates. Yes, it violates the matching principal. The matching principle states that all expenses must be matched in. ...

• 1 Page

  • wk 7 discussion

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  wk 7 discussion

  School: Everest College, Tampa

  Course: ACCOUNTING 2551-12

  ... record the sale violate any accounting principle? If so, explain the principle it violates. Yes, it violates the matching principal. The matching principle states that all expenses must be matched in. ...

• 1 Page

  • wk 5discussion

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  wk 5discussion

  School: Everest College, Tampa

  Course: ACCOUNTING 2551-12

  The matching principle is one of the basic underlying guidelines in accounting. The matching principle directs a company to report an expense on its income statement in the same period as the related revenues. For example,. ...

• 10 Pages

  • Chapter+3+Solutions

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  Chapter+3+Solutions

  School: Blue Ridge Community And Technical College

  Course: ACCOUNTING 211

  Chapter 3 E 3-4 a. Revenue principle (also accrual accounting) b. Matching principle c. Matching principle (also accrual accounting) d. Time-period concept e. Revenue principle E 3-6 Req. ... b. Matching principle. ...

• 6 Pages

  • managerial accounting ethics

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  managerial accounting ethics

  School: Georgia Southwestern State University

  Course: ACCT 2102

  The matching principle states that expenses should be recognized in the period they are incurred. Therefore, the additional indust. ... The matching principle states that expenses should be recognized in the period they are incurred. ...

• 6 Pages

  • Robin Ray's Unit 1 assignment

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  Robin Ray's Unit 1 assignment

  School: Kaplan University

  Course: AC 501

  ... 11/11/2014. Exercise 2-7. 6. Matching principle; 5. Historical-cost principle; 7. Full disclosure principle; 2. Going-concern assumption; 11. ... Matching principle; Materiality; Historical-cost principle; Conservatism; Matching principle. Exe...

Matching Principle Notes

• 54 Pages

  • PowerPoint - Ch.3

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  PowerPoint - Ch.3

  School: California State University, Dominguez Hills

  Course: ACC 230

  ... When the cash is received the ACCOUNTS RECEIVABLE is reduced. Cash will be collected. Cash (+A) xxx Accounts receivable (-A) xxx. 3-. Revenue Principle. Assets reflecting revenues earned but. not yet received in cash include . . . 3-. The Matc...

• 2 Pages

  • Krishna Panday - AC300-02- Unit 3 Assignment

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  Krishna Panday - AC300-02- Unit 3 Assignment

  School: Kaplan University

  Course: ACC 301

  Krishna Panday. AC300. Section 02. Unit 3. Explain the rationale for recognizing costs as expenses at the time of a product sale. Recognizing costs as expenses is basically the Matching Principle; Benefit = Sales of goods. Expense = Production cos...

• 4 Pages

  • ACCT 161

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  ACCT 161

  School: Grant MacEwan University

  Course: ACCT 161

  ... Might collect any amount. Matching principle: estimate what might not be collected. Create journal entry from balance sheet. Look at next year. ...

• 4 Pages

  • Week2LTAssignmentTeamCdue 4.15.13

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  Week2LTAssignmentTeamCdue 4.15.13

  School: University Of Phoenix

  Course: BUS ACC421

  ... 12, 13, b) Lower of cost or market is used to value inventories. 14, Conservatism, 15, 16, c) Financial information is presented so that investors will not be misled. 17, Full disclosure principle, 18, 19, d) Intangible assets are capitalized ...

• 4 Pages

  • actg 2p21 midterm

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  actg 2p21 midterm

  School: Brock University

  Course: ACTG 2P21

  Why should material amounts of over and under applied MOH be prorated. Mention matching principle and that there is an error in estimate. Original estimated OH is wrong and we match it after we've reviewed it. How can you provide higher qualit...

• 3 Pages

  • ACCT504 Week 2 Discussion P2

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  ACCT504 Week 2 Discussion P2

  School: DeVry University, Keller Graduate School Of Management

  Course: ACCT 504

  ACCT504 Week 2 Discussion P2Accrual Accounting and Adjusting Entries(graded)In this area, we will talk about the difference between cash-basis and accrual-basis accounting, theimportance of revenue recognition and matching principles, and the role...

• 1 Page

  • Exam Two Review

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  Exam Two Review

  School: University Of Mississippi

  Course: ACCY 201

  Test Two Review What is the purpose of the Revenue Recognition/ Expense Recognition/Matching Principles? How does the accrual basis of accounting work and what is the overarching goal (periodicity)? What is the purpose of adjusting entries? What a...

• 2 Pages

  • accountingreviewquestions

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  accountingreviewquestions

  School: Baruch College, CUNY

  Course: ACC 2101

  REVIEW QUESTIONS. 1) The process of reporting a transaction in the financial statements: A) Recognition B) Journal Entry C) Adjusting Entry. 2) The price of a bond depends on: A) Coupon rate B) Discount rate C) Par Value D) A,B,C. 3) Matching prin...

• 3 Pages

  • Exam+2+Outline+of+Chapters+5_9

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  Exam+2+Outline+of+Chapters+5_9

  School: Virginia Tech

  Course: ACIS 2115

  ACIS 2115 – Negangard. ACIS 2115 Fall 2013 – Exam 2 Review Sheet. General Review Items: The accounting equation (A=L+E); The debit credit framework; The accounting cycle: JEs, AJEs, CJEs, and timing of various trial balances. Matching principle:...

• 8 Pages

  • Midterm exam W06 solution to post

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  Midterm exam W06 solution to post

  School: Concordia University

  Course: ACCO 310

  ACCO 310/4. Winter 2006. Midterm solution. Question 1 Solution (11 marks). 1. Materiality constraint. 2. Consistency (qualitative characteristic). 3. Historical cost principle. 4. Monetary unit assumption. 5. Matching principle. 6. Periodicity ass...

• 1 Page

  • Practice_Test_Problems

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  Practice_Test_Problems

  School: San Francisco State University

  Course: ACCT 301

  ACCT 301 Practice Test Problems. Question 1 Each of the following should be answered in grammatically correct, complete sentences. What is the definition of “liability?”; What is the matching principle and how does it affect the measurement of i...

• 9 Pages

  • ACC210NotesC04

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  ACC210NotesC04

  School: North Carolina State University

  Course: ACC 210

  CHAPTER 4. Accrual Accounting Concepts. Study Objectives. Explain the revenue recognition principle and the matching principle. Differentiate between the cash basis and the accrual basis of accounting. Explain why adjusting entries are needed and ...

• 7 Pages

  • ClassExCh1-2

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  ClassExCh1-2

  School: Lone Star College System

  Course: ACCT 1340

  ... 2, B. Cost principle, 3, C. Business entity assumption, 4, D. Revenue recognition principle, 5, E. Specific accounting principle, 6, F. Matching principle, 7, G. Going-concern assumption, 8, H. Full disclosure principle, 9, ...

• 21 Pages

  • MIDTERM1_review

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  MIDTERM1_review

  School: Baruch College, CUNY

  Course: ACC 3000

  Jeremy Bertomeu. Midterm I review. Acc 3000 – Financial Accounting I. Jeremy Bertomeu. Question 1: A cause-and-effect relationship is implicit in the: Realization principle; Historical cost principle; Matching principle; Going concern assumption....

• 5 Pages

  • ch04

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  ch04

  School: University Of Wisconsin

  Course: ACCT 100

  CHAPTER 4. Accrual Accounting Concepts. Study Objectives. Explain the revenue recognition principle and the matching principle. Differentiate between the cash basis and the accrual basis of accounting. Explain why adjusting entries are needed and ...

• 5 Pages

  • Chapter Exercises week3

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  Chapter Exercises week3

  School: University Of Phoenix

  Course: ACC 280

  Chapter Exercises. 2. State two generally accepted accounting principles that relate to adjusting the accounts. a) revenue recognition principle. b) matching principle. 3. Rick Marsh, a lawyer, accepts a legal engagement in March, performs the wor...

Matching Principle Test Prep

• 9 Pages

  • 10.6.11 Handout #5

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  10.6.11 Handout #5

  School: University Of North Carolina, Greensboro

  Course: ACC 201

  ... 1, Chapter 5, 2, Key Terms & Concepts, 3, 4, Accounts Receivable vs. Notes Receivable, 5, 6, Accounts Receivable, 7, Allowance for Doubtful Accounts & Matching Principle, 8, Uncollectible Accounts Expense (or Bad Debt Expense), ...

• 1 Page

  • Quiz 1 Key

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  Quiz 1 Key

  School: Florida International University

  Course: ACG 4101

  Statement Assumption, Principle, Constraint. 1. f. Realization principle. 2. h. Full-disclosure principle. 3. g. Matching principle. 4. e. Historical cost principle. 5. c. Periodicity assumption. 6. a. Economic entity assumption. 7. i. Cost effect...

• 7 Pages

  • ACC 1.28

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  ACC 1.28

  School: Northern Arizona University

  Course: ACC 255

  ACC 255 Chapter 4 Accrual Accounting Concepts I. Explain the Revenue Recognition Principle and the Matching Principle. ... Accrual Accounting Concepts. I. Explain the Revenue Recognition Principle and the Matching Principle. ...

• 22 Pages

  • Chap003

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  Chap003

  School: University Of Denver

  Course: ACTG 4610

  ... expenses using the matching principle. ... 1, LO1, Discuss the revenue recognition principle, 5. 2, LO1, Discuss the matching principle, 5. ...

• 33 Pages

  • Chapter4PracticeTest-1

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  Chapter4PracticeTest-1

  School: University Of Phoenix

  Course: ACC 300

  ... CHAPTER STUDY OBJECTIVES. 1. Explain the revenue recognition principle and the matching principle. ... The matching principle dictates that companies recognize expenses when expenses make their contribution to revenues. ...

• 12 Pages

  • kwfa2e_ch03_im

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  kwfa2e_ch03_im

  School: Arizona State University

  Course: ACC 231

  ... b) Matching principle. 2) Explain the purpose of adjusting entries. a) Accruals. ... Two of these principles, in addition to accrual accounting versus cash-basis accounting, include the revenue recognition principle and the matching principle....

• 3 Pages

  • Chapter 4

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  Chapter 4

  School: Pasadena City College

  Course: ACCOUNTING 1A

  CHAPTER 4 Accrual Accounting Concepts Revenue Recognition Principle and the Matching Principle (Under the Accrual Basis) The revenue recognition principle dictates that revenue be recognized in the accounting period in which it ...

• 8 Pages

  • ACCT 504 Week 4, Midterm Exam 5

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  ACCT 504 Week 4, Midterm Exam 5

  School: DeVry University, New York

  Course: ACCT 504

  ... income statement. A) True B) False 2. The matching principle requires that the cost of goods sold be matched against the ending merchandise inventory in order to determine income. A) True ...

• 12 Pages

  • ACFI 621 Practice Exam chapters1-4 (1)

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  ACFI 621 Practice Exam chapters1-4 (1)

  School: University Of New Hampshire

  Course: ACFI 621

  ACFI 621 Practice Exam 1 (Chapters 1-4). The recognition of which of the following expenses exemplifies the application of the matching principle? A. President's salary. B. Research and development. C. Cost of goods sold. ...

• 4 Pages

  • Review_ACC101

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  Review_ACC101

  School: FPT University

  Course: ACC 101

  - Accounting principles and assumptions: Historical cost principle, matching principle, business entity assumption, going concern assumption. ...

• 3 Pages

  • ACCT 201 - Final Exam Study Guide - Fall 2014

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  ACCT 201 - Final Exam Study Guide - Fall 2014

  School: Palomar College

  Course: ACCT 201

  ... Chapter 3. Components of stockholders' equity “umbrella”. Chapter 4. Matching principle; Accrual vs. cash basis accounting. Chapter 6. ...

• 28 Pages

  • C03

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  C03

  School: University Of Massachusetts, Amherst

  Course: ACC 221

  ... Accounting period assumption; Cash accounting versus accrual accounting; Matching principle; Materiality concept. Adjusting Entries. ...

• 1 Page

  • Chapter 1 - Exercises 1-8, 9, 10

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  Chapter 1 - Exercises 1-8, 9, 10

  School: Hampton University

  Course: ACC 309

  ... d 1. Matching principle a. The enterprise is separate from its owners and other. ... 3. The matching principle (also the going concern assumption). ...

• 4 Pages

  • Inventories

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  Inventories

  School: Texas A&M University

  Course: ACCT 209

  Chapter 6 INVENTORIES. Inventory and the matching principle: ... Matches current cost with revenue (what the matching principle states). ...

• 34 Pages

  • Long-lived Assets - Fall 2014 (with exercise solutions)

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  Long-lived Assets - Fall 2014 (with exercise solutions)

  School: Emory University

  Course: BUS 210

  1-1 1-1 1 Chapter 9: Long-Lived Assets and Cost Allocation 1-2 Objectives • Understand how the matching principle affects the accounting ...

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  One of the core principles of GAAP is the matching principle. “This accounting principle requires companies to use the accrual basis of accounting. ...