List A 1. Expense recognition G2. Periodicity assumption 3. Historical cost principle 4. Materiality 5. Revenue recognition 6. Going concern assumption B 7. Monetary unit 7. Monetary unit assumption a 8. Economic entity assumption F9. Full-disclosure principle List B a. The enterprise is separate from its owners and other entities. b. A common denominator is the dollar. c. The entity will continue indefinitely. d. Record expenses in the period the related revenue is recognized. e. The original transaction value upon acquisition. f. All information that could affect decisions should be reported. g. The life of an enterprise can be divided into artificial time periods. h. Criteria usually satisfied for products at point of sale. i. Concerns the relative size of an item and its effect on decisions.