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14 May, 15:34

In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized."

This note exemplifies Apple's use of: (A) Conservatism. (B) Matching. (C) Realization principle. (D) Economic entity.

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  1. 14 May, 15:41
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    Answer: The matching principle (B)

    Explanation:

    Matching principle states that all expenses must be recorded in the same period as the revenue that was earned
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