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The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues. (Points : 3) True False
The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues. TRUE.
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Asked 4/5/2014 8:42:22 PM
Updated 10/22/2016 7:46:04 AM
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The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues. TRUE.

Added 10/22/2016 7:46:04 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [10/22/2016 2:35:55 PM]
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An adjusting entry is not required if the estimated payments made throughout the year are more than the actual taxes due. (Points : 3) True False
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Updated 11/9/2016 3:42:04 PM
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An adjusting entry is not required if the estimated payments made throughout the year are more than the actual taxes due. FALSE.
Added 11/9/2016 3:42:04 PM
This answer has been confirmed as correct and helpful.
Confirmed by vchutkan [11/9/2016 3:47:44 PM]
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