Listed below are several information characteristics and accounting principles and assumptions. Match the letter of each with the appropriate phrase that states its application. (items a through k may be used more than once or not at all.) a. Economic entity assumption g. Expense recognition principle b. Going concern assumption h. Full disclosure principle C. Monetary unit assumption i. Relevance characteristic d. Periodicity assumption j. Faithful representation characteristic e. Historical cost principle k. Consistency characteristic f. Revenue recognition principle 1. Deferrals and accruals and in adjusting and closing process. Assets valued at amounts originally paid for them. Company assumed to have a long life. 4. The performance obligation is satisfied. 5. Business transactions use a standard measuring unit. 6. Financial statements supported with notes necessary for fair presentation. 7. Numbers and descriptions match what really existed or happened. Continues on next page => Part B continued. 8. Annual financial reports. 9. Business transactions are distinguished from those of its owners. 10. The same accounting principles applied as in the preceding year. 11. Significant accounting policies are summarized. 12. Assumption of a stable-dollar. 13. Timely information is presented with predictive and confirmatory value