Question 7 (1 point) Which accounting principle requires expenses to be recognized when they make their contribution to revenues? Historical cost principle Matching principle Relative value principle Revenue recognition principle Question 8 (1 point) A simple credit sale of merchandise would be recorded in part by debit to sales revenue and a credit to accounts receivable debit to accounts receivable and a credit to cash debit to accounts receivable and a credit to sales revenue debit to accounts receivable and a credit to cash Question 9 (1 point) Financing activities include the cash portion of Transactions that create revenues and expenses and enter into determination of net income Transactions for purchasing and disposing of investments and productive long- lived assets, using cash and lending money, and collecting the loans Transactions for issuing debt and repaying the amounts borrowed and obtaining cash from stockholders and paying dividends None of the above