Accounting 280 week 3 individual exercises

Feb 3rd, 2012
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University of Phoenix
Course: Business and Management
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his file contains exercises that were solved in week two of accounting 280 class. The exercises were part of the wiley plus assignment materials and they were answered correctly so the exercise es were graded an A by the facilitator in accounting 280 class. This was an individual assignment. Here is an excerpt of the assignment.Written Answers for Individual Exercises 2.a.Matching Principle-dictates that efforts (expenses) be matched with accomplishments (revenues). b. Revenue Recognition-dictates that companies recognize revenue in the accounting period in which it is earned.

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