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Part111 Listed below are several terms and phrases associated with the FASB's conceptual framework. In List A, insert the letter of the item from List

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Part111 Listed below are several terms and phrases associated with the FASB's conceptual framework. In List A, insert the letter of the item from List B that is most appropriately associated with it. List A List B 1.going concern assumption 2.materiality 3. consistency 4. verifiability 5. faithful representation 6, matching principle 7. historical cost principle . revenue recognition principle applying the same accounting practices over time amortization on decisions CD justifies the usage of depreciation and C concerns the relative size of an item and its effect d concerns when revenue is recorded e financial statements accurately reflect the condition of a business the original transaction value upon acquisition g. implies consensus among different measurers makes the current-noncurrent classification of assets and liabilities on the balance sheet usefu

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