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Problem 3 (12 points) Match the tems G. Historical oost principle H Revenue recognition principle below by entering the appropriate code letter in the space

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Problem 3 (12 points) Match the tems G. Historical oost principle H Revenue recognition principle below by entering the appropriate code letter in the space provided B. Monetary unit assumption C. Comparabilty D. E. Perlodicity assumption F. Going concern assumption Full disclosure principle J. Expense recognition principle k. Economic ensity assumption L. Materiality 1. Revenue is recognized when the performance obligation is satisfied 2. Emorts aro related to accomplishments 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 credtor. 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 foreseeable 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

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