Qualitative Characteristics	Foundational Principles
Relevance (Feedback & Predictive)	Economic entity
Representational Faithfulness: complete, neutral, free from bias	Control
Comparability (consistency)	Revenue recognition and realization
Verifiability	Matching
Timeliness	Periodicity
Understandability	Monetary Unit
	Going Concern
	Historical Cost
	Fair Value
	Full Disclosure

ONLY ONE ANSWER FOR EACH.

A company applies the same accounting principles as the previous year.
A company reports asset at the amount originally paid for them
A large invoice for repair services provided before year end is omitted from the financial statement to ensure there will not be a large variance in the statements from prior periods.
A company uses accruals and deferrals in adjusting the accounts.
A company recognized a large sale that occurred on January 2, 2021 as revenue in the December 31, 2020 financial statements.