ch each definition with its related term by entering the appropriate letter in the space provided. There should be only one definition term (that is, there are more definitions than terms). Term (1) Losses (2) Expense recognition principle (3) Revenues (4) Time period assumption (5) Operating cycle Definition A. Record revenues when earned and measurable (when the company transfers promised goods or services to customers, it should record the amount it expects to be entitled to receive). B. The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers. C. Record expenses when incurred in earning reve le. D. The costs of operating the business that are incurred to generate revenues during the period. E. Report the long life of a company in shorter time periods. F. The amounts earned and recorded from a company's day-to-day business activities, mostly when a company sells products or provides services to customers or clients. G. Result prima