Which Statement Best Explains the Meaning of "Recognition" in Financial

Multiple Choice

Which statement best explains the meaning of "recognition" in financial reporting?

A) Determining where items should be presented in the body of the financial statements.
B) Presenting an item in the financial statements, rather than simply disclosing in the notes.
C) Quantifying items so that they can be presented in the body of the financial statements.
D) Presenting expenses in the same accounting period as the related revenues.