Which of the following is not true about the matching principle? a. It is also called the expense recognition principle. b. All expenses are recorded when they are incurred during the period. c....

Which of the following is not true about the matching principle?

a. It is also called the expense recognition principle.

b. All expenses are recorded when they are incurred during the period.

c. Expenses are matched against the revenues of the period.

d. The goal is to calculate the accurate retained earnings