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. Revenue recognition principle financial report within one month of the end of the year. B. Full disclosure principle 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 accountants Timeliness produce financial statements for specific periods of time. & Expense recognition principle The principle/assumption implying that efforts should be matched with achievements F. Monetary unit assumption The principle/assumption that doesn't require adjusting amounts in comparability the financial statements for inflation H. Verifiability Presentation of material information with predictive and confirmatory value 1. Cost principle Characteristic that is demonstrated when the same accounting Periodicity assumption principles are applied as in the previous year. K Economic entity assumption The principle/assumption that requires al important aspects of bond agreements to be presented in the financial statements, L Going concern assumption Characteristic that will lead different measurers, using the same M. Understandability methods, to obtain similar results. N. Faithful representation