How are the assets and liabilities ordered on the balance sheet? Question content area bottom Part 1 A. Random order B. Based on liquidity (most liquid to least liquid) C. Alphabetical order D. Based on liquidity (least liquid to most liquid)Following the expense recognition principle, to recognize expenses along with the related revenues, means to: Question content area bottom Part 1 A. subtract expenses from the related revenues to compute net income or net loss. B. add expenses and revenues together to compute net income or net loss. C. recognize the expense of a period against the cash revenues of another period. D. abandon the matching principle