Match the Letter of Each Principle or Assumption or Qualitative

Multiple Choice

Match the letter of each principle or assumption or qualitative characteristic with the appropriate statement.
-Involves the relative size and importance of an item to a firm.

A) Business entity
B) Going concern
C) Time period
D) Monetary unit
E) Historical cost
F) Conservatism
G) Realization
H) Consistency
I) Full disclosure
J) Verifiability
K) Materiality
L) Industry practices