Listed below are several information characteristics andaccounting principles and assumptions. Match the letter of eachwith the appropriate phrase that states its application. (Itemsa through k may be used more than once or not atall.)

      a.   Economic entityassumption                          g.   Expense recognition principle

      b.   Going concernassumption                            h.   Full disclosure principle

      c.   Monetary unitassumption                             i.    Relevance characteristic

      d.   Periodicityassumption                                   j.    Faithful representation characteristic

      e.   Historical costprinciple                                 k.   Consistency characteristic

      f.    Revenuerecognition principle

___    1.    Stable-dollar assumption(do not use historical cost principle).

____    2.    The performanceobligation is satisfied.

____    3.    Numbers and descriptionsmatch what really existed or happened.

___    4.    Yearly financialreports.

___    5.    Accruals and deferrals inadjusting and closing process. (Do not use going concern.)

____    6.    Useful standard measuringunit for business transactions.

___    7.    Notes as part of necessaryinformation to a fair presentation.

___    8.    Affairs of the businessdistinguished from those of its owners.

___    9.    Company assumed to have along life.

___ 10.    Valuing assets at amounts originallypaid for them.

___ 11.    Application of the same accountingprinciples as in the preceding year.

____ 12.    Summarizing significant accountingpolicies.

____ 13.    Presentation of timely informationwith predictive and confirmatory value.