A Match each phrase from list A with the correct term from list B by placing the letter designating in the answer Colum The statements are presented fairly in conformity with accounting Materiality standards Liquidity B. Concerns the relative size of an item and its effect on decisions Accrued liabilities C Relates to the amount of time before an asset is converted to cash or a liability is paid Periodicity D. Record expenses in the period the related revenue is recognized Intangible asset E. Record expenses in the period the related revenue is recognized Revenue recognition F Items expected to be converted to cash or consumed within one year Statement of financial position or the operating cycle Qualified opinion G.Scope limitation or a departure from accounting standards. Matching principle H. Criteria usually satisfied at point of sale. 1. Recorded when an expense is incurred but not yet paid Economic entity assumption J. The life of an enterprise can be divided into artificial time periods