match the items in column a with the proper descriptions in column b 625914

Column A

Column B

Going concern (continuity).

a. An assumption relied on in the preparation of
the primary financial statements that would be
unreasonable when the inflation rate is high.

Consistency.

b. Concerned with relative dollar amounts.

Disclosure.

c. The usual basis for the recording of assets.

Periodicity.

d. Required if the accounting treatment differs
from that previously used for a particular item.

Conservatism.

e. An assumption that would be unreasonable to
use in reporting on a firm that had become insolvent.

Stable dollar.

f. None of these.

Matching.

g. Requires a company to use the same accounting
procedures and practices through time.

Materiality.

h. An assumption that the life of an entity can be
subdivided into time periods for reporting purposes.

Exchange-price (cost).

i. Discourages undue optimism in measuring and
reporting net assets and net income.

Business entity.

j. Requires separation of personal from business
activities in the recording and reporting processes.