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      Question

      The matching of revenue and related expenses gives which

      of the following?
      A Balance sheet Correct Answer Incorrect Answer
      B Profit or loss for the period Correct Answer Incorrect Answer
      C Cash flow from investing activities Correct Answer Incorrect Answer
      D Statement of changes in equity Correct Answer Incorrect Answer
      E Cash equivalents Correct Answer Incorrect Answer

      Solution

      Revenue earned minus related expenses results in periodโ€™s profit or loss.

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