Question 9 Match the description to the concept Accrual basis accounting Calendar year Accountants divide the economic life of a business into artificial time periods Efforts (expenses) should be recognized in the period in which a company uses assets or incurs liabilities to generate results (revenues) Qon of 201 5 points AAn accounting time period that starts in January 1 and ends on December 21 B. Time period assumption C. Companies record transactions is the period in which events occur D. Monthly and quarterly time periods E Companies record revenues when they racave canh and record expenses wh they pay out cash F.Expense recognition principle