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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 period’s profit or loss.

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