Each of the following statements is justified by an accounting concept. Match the letter next to each statement corresponding to the concept involved.

a.		Consistency
b.		Materiality
c.		Full disclosure
d.		Periodicity

1.		The life of a business is divided into artificial time periods.		select a letter abdc
2.		This characteristic best enhances comparability of financial statements between years.		select a letter abcd
3.		A merger agreed on just after the balance sheet date nevertheless is reported in the notes to the financial statement.		select a letter dabc
4.		A large company rounds its financial statement figures to the nearest thousand.		select a letter