Match the items below by entering the appropriate code letter in the space provided.

A. Relevance G. Historical cost principle

B. Monetary unit assumption H. Fair value principle

C. Comparability I. Full disclosure principle

D. Consistency J. Cost constraint

E. Periodicity assumption K. Economic entity assumption

F. Going concern assumption L. Materiality

_____ 1. Weighs the cost of providing information to financial statement users against the benefits to be derived.

_____ 2. Report assets that are actively traded at their market price.

_____ 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. Same accounting principles and methods used from year to year within a company.

_____ 7. The belief that a company will remain in operation for the forseeable future.

_____ 8. The practice of preparing financial reports at regular intervals.

_____ 9. Reporting all information that would influence financial statement users.

_____ 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