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Question 9 4.5 points Save Answer Presented below are several qualitative characteristics, accounting principles, assumptions, and constraints. Match the letter of each with the appropriate statement. Don't use a letter more than once. v Characteristic that is applied when a company issues its annual A. Revenue recognition principle financial report within one month of the end of the year. B. Full disclosure principle Characteristic that means the numbers and descriptions in financial reports match what really existed or happened. c. Monetary unit assumption The basic assumption/principle that is followed when D. Timeliness accountants produce financial statements for specific periods of time. E. Economic entity assumption v The principle/assumption implying that efforts should be F. Going concern assumption matched with achievements. G. Comparability The principle/assumption that doesn't require adjusting amounts in the financial statements for inflation. H. Relevance Presentation of material information with predictive and 1. Cost principle confirmatory value. J. Expense recognition principle Characteristic that is demonstrated when the same accounting K. Faithful representation principles are applied as in the previous year. The principle/assumption that requires all important aspects of L. Verifiability bond agreements to be presented in the financial statements. M. Understandability Characteristic that will lead different measurers, using the same methods, to obtain similar results. N. Periodicity assumption

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