Practice Quiz

CFP Certified Financial Planner Test Prep

Category - Foundation

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The objective of a matching proncipal is:

  1. To provide relevant information in the same period
  2. To accurately tabulate taxes
  3. Recognize expenses in the same period in which income is earned
  4. All of the above
Explanation

Answer: C - The objective of a matching principal is to recognize expenses in the same period in which income is earned.

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