Which of the following would not be included among the costs of carrying inventory?

The matching principle states that ________

A) financial statements can be prepared for specific periods B) a business's activities can be sliced into small time segments C) all expenses should be recorded when they are incurred during the period D) companies should record revenue when it has been earned

Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?

A) the matching principle B) the disclosure principle C) the revenue principle D) the consistency principle