22. Which of the following statements is (are) true? 1). An asset is a cost that will be matched with revenues in a future accounting period 2). Opportunity costs are recorded as intangible assets in the current accounting peric nly (1) is true. nly (2) is true th (1) and (2) are true Which of the following statements is (are) false? (1). In general, the term expense is used for managerial purposes, while the term cost refers external financial reports. 2). An opportunity cost is the benefit forgone by selecting one alternative over another. A. Only (1) is false. B. Only (2) is false. C. Both (1) and (2) are false. D. Neither (1) nor (2) are false