According to generally accepted accounting principles

Assignment Help Financial Management

Reference no: EM131815574

1. Net income increases when:

A) Fixed costs increase B) Depreciation increases C) The average tax rate increases D) Revenue Increases E) Dividends cease

2. According to Generally Accepted Accounting Principles, costs are:

A. recorded as incurred.

B. recorded when paid.

C. matched with revenues.

D. matched with production levels.

E. expensed as management desires.

Reference no: EM131815574

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