Question content area top

Part $1$

The time period concept states that$\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$

companies should record revenue when it has been earned

B$.$

financial statements can be prepared for specific periods

C$.$

all expenses should be recorded when they are incurred during the period

D$.$

expenses incurred during a period should be matched against the revenues of the period