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2-3, 2-4 Match each one should be only A. Economic resources to be used or turned into liabilities, and stockholders' B. Reports transactions are accounted for separ C. of owners transactions (1) Transaction assumption (2) sheet (3) Balance D assets; decrease liabilities and E An exchange between entity and other F concept businesses will operate into foreseeable future. liabilities and (4) Liabilities (5) Stockholders (6) Notes pay sockh G. assets: should be recorded H. The concept assets paid on exchange date. (7) Common stock cost principle (8) Historica (9) Account (10) Dual effects format used accumu (11) Retained earnings L A standardized financial statements. (12) Current assets item reported on customers. (13) Separate entity assumption J. owed from model. (14) Par value The fundamental accounting at par value (5) Debits K. shares issued L Represents the daa M. The account that is credited when money is bomo (16) Accounts receivable (17) Stable monetary unit (18) assumption The concept that states that accounting informa Faithful representation N. national monet (19) Relevance be measured and reported in the in purchasing p (20) Stockholders' equity without adjustment for changes not o. Cumulative earnings of a company that are the owners P Probable debts or obligations to be settled with ass services Q. Every transaction has at least two effects on th equation. R. Financing provided by owners and by business S. The concept to exercise care not to overstate a revenues or understate liabilities and expenses T Useful information has predictive and U. small amounts not likely to influer decisions are to be recorded in the most cost Probable economic resources expected to be into cash beyond the next 12 months. W. Useful information should be complete, neut from error. X. A legal amount per share

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