Question 22 (5 points) Match each accounting principle or assumption to its correct description. 1. Prescribes that accounting information is based on actual cost. Measurement 2. Prescribes that revenue is recognized when goods or services are provided to customers. Full disclosure 3. Also called the Matching principle. Expense recognition > 4. Prescribes that a company report details of financial statements that would impact users' decisions. Time period assumption > Revenue recognition 5. Presumes that the life of a company can be divided into time periods. such as months and years, and that useful reports can be prepared for those periods