Senior Matching Principle

Test your Senior-level Matching Principle skills in Accounting Principles Standards. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

Under ASC 606, incremental costs of obtaining a contract are capitalized. How does this treatment align with the matching principle?

A. It defers expense recognition to match the costs with the period of cash receipt.

B. It aligns the expense amortization with the periods in which related revenue is recognized.

C. It violates the matching principle by delaying immediate expense recognition.

D. It treats the costs as a period expense, regardless of revenue timing.

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