Match each of the statements below with its proper term. (14 points) A Business Entity Assumption B Monetary Unit Assumption The Matching Concept D The Measurement principle E The Cost Principle + The Revenue Recognition Principle The accounting Period 1 All transactions must be recorded in American Dollars 2 Revenues and expenses are reported when they are generated. Expenses follow their revenue. 3 Revenues are recognized when they are earned 4 Owners must not combine their personal money with those of the business. Keep the business separated. All transactions must be objective and verifiable. 5 6 All transactions must be recorded at the exchange price 7 Accounting must be divided in periods of twelve months or one year