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Match the items below by entering the appropriate code letter in the space provided. A Relevance B. Going concern assumption: D. Comparability C. Cost constraint
Match the items below by entering the appropriate code letter in the space provided. A Relevance B. Going concern assumption: D. Comparability C. Cost constraint E. Monetary unit assumption F. Economic entity assumption G. Full disclosure principle H. Fair value principle 1. J. Historical cost principle Consistency K. Periodicity assumption Materiality L. 1. Reporting all information that would influence financial statement users. 2. Same accounting principles and methods used from year to year within a company. 3. Information that has a bearing on a decision. 4. Economic events can be identified with a particular unit of accountability. 5. An item important enough to influence the decision of an investor or creditor. 6. Report assets that are actively traded at their market price 7. The belief that a company will remain in operation for the foreseeable future. 8. The practice of preparing financial reports at regular intervals. 9. Weighs the cost of providing information to financial statement users against benefits to be derived. 10. Different companies using the same accounting principles. 11. Reporting only those transactions that can be measured in dollars. 12. The belief that assets should be reported at their purchase price
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