MELI 4.5 points Presented below are several qualitative characteristics, accounting principles, assumptions, and constraints. Match the letter of each with the appropriate statement. Don't use a letter more than once. Characteristic that is applied when a company issues its annual A. Periodicity assumption financial report within one month of the end of the year. B. Cost principle E v Characteristic that means the numbers and descriptions in financial reports match what really existed or happened. Relevance The basic assumption/principle that is followed when D. Understandability accountants produce financial statements for specific periods of time. E. Economic entity assumption The principle/assumption implying that efforts should be F. Verifiability matched with achievements G. Revenue recognition principle The principle/assumption that doesn't require adjusting amounts in the financial statements for inflation H. Expense recognition principle Timeliness Presentation of material information with predictive and confirmatory value. J. Monetary unit assumption Characteristic that is demonstrated when the same accounting principles are applied as in the previous year. K Going concern assumption The principle assumption that requires all important aspects of L. Comparability bond agreements to be presented in the financial statements M.Full disclosure principle Characteristic that will lead different measurers, using the same N. Faithful representation methods, to obtain similar results