Listed below are several terms and phrases associated with the accounting concepts. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. E 18 Qualitative characteristics LO17 E 19 Basic assumptions, principles, and constraints LO17 through LO19 List A List B

1. Expense recognition a. The enterprise is separate from its owners and other entities.

2. Periodicity assumption b. A common denominator is the dollar.

3. Historical cost principle c. The entity will continue indefinitely.

4. Materiality d. Record expenses in the period the related revenue is recognized.

5. Revenue recognition e. The original transaction value upon acquisition.

6. Going concern assumption f. All information that could