harleyloveless2853
12.02.2021 •
Business
Keesha Co. borrows $260,000 cash on November 1 of the current year by signing a 180-day, 8%, $260,000 note. 1. On what date does this note mature
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Ответ:
the matching principle
Explanation:
Based on the information provided within the question it can be said that this note exemplifies Apple's use of the matching principle. This is a principle that states that expenses in finances should be recorded in the books during the period of time in which they are paid. Which is what Apple is exemplifying by saying that the cost for warranty is applied as soon as the revenue is recognized.