The accounting principle that ensures all expenses are recorded during the period when they are incurred and offsets those expenses against the revenues of the period is called the ________ principle

A) comparison
B) accrual
C) matching
D) revenue recognition

C

Business

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The California attorney general acts as CalDRE's

A. Prosecutor for real estate law violations. B. National exam administrator. C. Legal counsel D. Media spokes person.

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________ is the risk that a foreign government will place restrictions such as limiting the amount of funds that can be remitted to the parent firm, or even expropriation of cash flows earned in that country

A) Exchange risk B) Foreign risk C) Political risk D) Unnecessary risk

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