TASK#1-Accounting concepts-matching. Listed below are several information characteristics and sccounting princigles e each with the appropriate phrase that states its applicationn ems a heuhksay at all.) a Economic entity assumption b. Going concern assumption c. Monetary unit assumptions d. Periodicity assumption e. Historical cost principle f Revenue recognition principle Expese reuogpiton pncigle b Fall dsclosr prinigle Relevance dancteti i Faithl represtation dhanc k Consistency characeti 1. Stable-dollar assumption (do not use historical cost principle 2. The performance obligation is satisfied. 3. Numbers and descriptions match what really existed or happened 4. Yearly financial reports 5. Accruals and deferrals in adjusting and closing process (Do not ging unm) 6, Useful standard measuring unit for business transactions 7. Notes as part of necessary information to a fair presencation 8. Affairs of the business distinguished from those of its op 9. Company assumed to have a long life 10. Valuing assets at amounts originally paid for them 11. Application of the same accounting principles as in the preceding year 12. Summarizing significant accounting policies. 13. Presentation of timely information with predictive and confimatury valbe Page 7