For each statement, identify the term that is best described by that statement. Some terms may be once, while other terms are not used at all. of Choose... uestion Choose... Choose... Allowance for doubtful accounts and accumulated depreciation Economic resources with probable future benefits owned by an entity as a result of past transactions or events. Financing provided by owners and the operations of the business. Recurring set of business activities and related information processing operations associated with provides goods to customers and collecting cash from those sales. Revenues earned but not yet collected from the customer. Capable of influencing a decision due to its predictive and/or feedback value Choose... Choose... Choose... Choose... Choose... Requires special care to avoid overstating assets or net income. Costs incurred to generate revenues are recognized as expenses in the same accounting period as the related revenues. Occurs when a company satisfies its performance obligations to customers, Payment received from a customer before related performance obligations are satisfied. Assumption that a business will continue to operate into the foreseeable Choose... Choose... Choose... Choose... Shareholders' equity Revenue recognition Operating (or cash-to-cash) cycle Liabilities Relevant information Assets Deferred revenue Deferred expense Operating expenses Revenue cycle Accrued revenue Reliability Conservatism constraint Contra-asset accounts Going concern Matching principle Accrued expense Choose... e