[...] requires that a company recognizes cost of goods sold in the same period as revenues from the sale of the goods.
Answer
Matching
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4.1. General Principles ade from inventory purchased in a previous period or previous periods. It is also likely that some of the inventory purchased in the current period will remain unsold at the end of the current period and so will be sold in a following period. <span>Matching requires that a company recognizes cost of goods sold in the same period as revenues from the sale of the goods.
Period costs , expenditures that less directly match revenues, are reflected in the period when a company makes the expenditure or incurs the liability to pay. Administrati
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