Multiple choice

1.  Accounting time periods that are one year in length are referred to as interim periods. 

True

False

 2.  Income will always be greater under the cash basis of accounting than under the accrual basis of accounting. 

True

False

 3.  The cash basis of accounting is not in  accordance with generally accepted accounting 

principles. 

True

False

 4.  The matching principle requires that assets be matched with liabilities. 

True

False