choosing from a. Going concern or continuity b. Monetary unit c. Conservatism d. Matching e. Full disclosure f. Materiality g. Transaction approach h. Accrual basis i. Industry practices j. Verifiability k. Consistency l. Realization m. Historical cost n. Time period o. Business entity which is correct 15. With this assumption, inaccuracies of accounting for the entity short of its complete life span are accepted