Accounting, Mulitple choice..?

Question

By matching revenues and expenses in the same period in which they incur _________.

A) net income or loss will always be underestimated

B) net income or loss will always be overestimated

C) net income or loss will be properly reported on the income statement

D)net income or loss will not be determined

Answer 1

I vote for C.

Answer 2

C

Answer 3

The answer is C