Alpha Geek

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Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

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  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 11 Jun 2017 My Price 4.00

Matching concept

 2-22     Matching concept

Companies make sacrifices known as expenses to obtain benefits called revenues. The accurate measurement of net income requires that expenses be matched with revenues. In some circum- stances matching a particular expense directly with revenue is difficult or impossible. In these circumstances, the expense is matched with the period in which it is incurred.

Required

Distinguish the following items that could be matched directly with revenues from the items that would be classified as period expenses.

a.     Sales commissions paid to employees.

b.     Utilities expense.

c.      Rent expense.

d.     The cost of land that has been sold.

Answers

Alpha Geek
(8)
Status NEW Posted 11 Jun 2017 12:06 PM My Price 4.00

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Attachments

file 1497185136-1315926_1_636324801689088960_Direct-Vs-period-expenses.xlsx preview (89 words )
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