HELP

irections: Various accounting assumptions, principles, constraints, and characteristics are listed below. Select the best answer for each item. Each item has one match each. H Conservatism I Periodicity JExpense recognition K Revenue recognition L Full disclosure M Faithful representation A Historical cost B Relevance C Monetary unit D Going concern E Consistency F Economic entity G Cost constraint Answer Description of Conceptual Framework of Accounting: 16 Chose the solution that will be least likely to overstate assets or income. Description in the financial statements of the depreciation methods used Apply the same accounting treatment to similar accounting events 17 18 19 which helps users make predictions about present, past, and future events. Recordin ding a transaction when goods or services are exchanged for cash or claims to cash. 21 Provides the figure at which to record a liability when purchasing Equipment. The Assumes that the business will continue and liquidation will not occur. Characterized by completeness, neutrality, and being free from error ration of t s on continui rations. 24 10 Analyzing costs vs. benefits of a situation