Con scatus Presented below are several qualitative characteristics, accounting principles, assumptions, and constraints. Match the letter of each with the appropriate statement. Don't use a letter more than once. Characteristic that is applied when a company issues its annual financial report within one month of the end of the year A Economie entity assumption Revenue recognition principle G Characteristic that means the numbers and descriptions in financial reports match what really existed or happened. Verifiability The basic assumption/principle that is followed when a Periodicity assumption accountants produce financial statements for specific periods of time. E Comparability The principle/assumption implying that efforts should be Understandability matched with achievements. G. Faithful representation M. The principle/assumption that doesn't require adjusting amounts in the financial statements for inflation H. Full disclosure principle Timeliness Presentation of material information with predictive and confirmatory value . Going concern assumption E Characteristic that is demonstrated when the same accounting K Relevance principles are applied as in the previous year The principle/assumption that requires all important aspects of - Expense recognition principle bond agreements to be presented in the financial Matements M. Cost principle ci Characteristic that will lead different measurers, using the same Monetary unit assumption methods to obtain similar