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.
-Assumption that a business's financial statements are separate and distinct from the personal transactions of the owners.

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