Match the accounting terminology to the definitions. (Click the icon to view the definitions.) Begin with the accounting terms numbered 7 through 11, then complete 12 through 15. 7. Cost principle d. 8. GAAP 9. Faithful representation 0 Definitions 10. SEC 11. FASB a. oversees the creation and governance of accounting standards in the United States b. requires an organization to be a separate economic unit c. oversees U.S. financial markets d. states that acquired assets and services should be recorded at their actual cost e. creates International Financial Reporting Standards f. the main U.S. accounting rule book Choose from any drop-down list and then click g. assumes that an entity will remain in operation for the foreseeable future h. assumes that items on the financial statements are recorded in a monetary unit i. requires information to be complete, neutral, and free from material error part 16. Using the expanded accounting equation, solve for the missing amount Assets $ 98,920 Liabilities 1,800 Owner's Capital ? Owner's Withdrawal 15,320 Revenues 56.230 Expenses 26,125 Begin by selecting the formula for the expanded accounting equation. Then enter the amounts to solve for the missing amount. (Abbreviation used: WD = Withdrawals.) + +