distinguish the following items that could be matched directly with revenues from th 650149
Companies make sacrifices known as expenses to obtain benefits called revenues. The accurate
measurement of net income requires that expenses be matched with revenues. In some circumstances
matching a particular expense directly with revenue is difficult or impossible. In these
circumstances, the expense is matched with the period in which it is incurred.
Distinguish the following items that could be matched directly with revenues from the items that would be classified as period expenses.
a. Sales commissions paid to employees.
b. Advertising expense.
c. Rent expense.
d. The cost of land that has been sold.