Multiple Choice
Match the letter of each principle or assumption or qualitative characteristic with the appropriate statement.
-Deals with the problem of when to recognize revenue.
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
Correct Answer:

Verified
Correct Answer:
Verified
Q83: The assumption that enables us to prepare
Q84: Valuing assets at their liquidation values is
Q85: Relevance is a quality requiring that the
Q86: Reasonable inaccuracies of accounting for an entity,short
Q87: An accounting period that ends when operations
Q89: The 1933 and 1934 U.S.federal securities laws
Q90: The following data relate to Falcon
Q91: Other than December,the most popular month for
Q92: The accounting principle that assumes that inflation
Q93: Match the letter of each phrase with