Presented below is a list of terms relating to economic measurement, followed by definitions of those terms:

Required: Match the letter next to each term on the list with the appropriate definition. Each letter will be used only once.

A basis of accounting in which revenue is recognized when associated cash is received and expenses are recognized when associated cash is paid

The association of revenue with expenses that helped to generate the revenue

Recording and reporting an economic event

The systematic and rational conversion of a long-lived asset's cost from asset to expense in the income statement periods benefited

A periodic depreciation method that calculates annual depreciation expense as the asset's depreciable base divided by its estimated useful life

Actual receipt of cash or payment of cash

Liabilities recorded under the accrual basis when cash is received before the revenue is earned

matching principle deferred revenues straight-line depreciation realization recognition matching principle cash basis accounting