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Listed below are five terms followed by a list of phrases that describe or characterize each of the terms Match each phrase with the correct

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Listed below are five terms followed by a list of phrases that describe or characterize each of the terms Match each phrase with the correct term A) Accounting informat ) Important in analysis between firms E) Bonsiders the value of using information relative to cost of providing it. D) Considers the value E) The decision to include 11) Neutrality an amount in the financial statements. 12) Comparability 13) Consistency 14) Cost-effectiveness 15) Recognition Match each phrase with the are five terms followed by a list of phrases that describe or characterize each of the terms. correct term. A) Implies consensus among different observers. B) Ignores the possibility of inflation D Aequires reporting the financial life of an entity in discrete time frames. Assumes all transactions can be identified with a particular entity. E) Assumes an entity will continue to operate indefinitely 16) Monetary unit assumption 17) Verifiability 18) Economic entity assumption 19) Going concern assumption 20) Periodicity assumption Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. A) Discounts future cash flows. B) Basis of measurement for fixed assets. C) Reporting of all information that could affect decisions D) Occurs when goods or services are transferred to the customer. E) Application of GAAP sometimes avoided under this constraint. 21) Historical cost 22) Materiality 23) Revenue recognition 24) Full disclosure 25) Present value

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