(TCO A) Listed below are some information,
(TCO A) Listed below are some information, characteristics, and accounting principles and assumptions. Match the term with the appropriate phrase that states its application.
| Potential Matches: |
| 1 : Implies that a company can divide its economic activities into artificial time periods |
| 2 : Affairs of the business distinguished from those of its owners |
| 3 : Presentation of error-free information with representational faithfulness= Presentation of error-free information with representational faithfulness |
| 4 : Notes as part of necessary information to a fair presentation |
| 5 : Economic activity can be identified with a particular unit of accountability |
| 6 : Earnings process completed and realized or realizable |
| 7 : Money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis |
| 8 : Valuing assets at amounts originally paid for them |
| 9 : Application of the same accounting principles as in the preceding year |
| 10 : Business enterprise assumed to have a long life |
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