1. A company records the expenses incurred to generate the reverate…

1. A company records the expenses incurred to generate the reverate report is what 

  1. Expense Recognition Principle 
  2. Full-Disclosure Principle 
  3. Measurement Principle
  4. Revenue Recognition Principle

 

2. Revenue is recognized when goods are provided to the customer at the amount  expected to be received.

A.            Expense Recognition Principle 

B.            Full-Disclosure Principle 

C.            Measurement Principle

D.            Revenue Recognition Principle

 

3. A company reports the details behind financial statements that would impact user’s decisions.

A.            Expense Recognition Principle 

B.            Full-Disclosure Principle 

C.            Measurement Principle

D.            Revenue Recognition Principle

 

4. Accounting information is based on actual cost. 

A.            Expense Recognition Principle 

B.            Full-Disclosure Principle 

C.            Measurement Principle

D.            Revenue Recognition Principle

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