The Expense Recognition (Matching) Principle States That

The expense recognition (matching) principle states that:

A) Net income is determined by linking operating cash receipts with operating cash payments.
B) Assets are linked with liabilities and stockholders' equity in the balance sheet.
C) Net income is determined by linking expenses incurred with related earned sales revenue.
D) Owner contributions and owner withdrawals are linked in the statement of stockholders' equity.
E) None of the above