Listed Below Are Five Terms Followed by a List of Phrases

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Economic entity assumption

A) Implies consensus among different observers.
B) Assumes an entity will continue to operate indefinitely.
C) Ignores the possibility of inflation.
D) Assumes all transactions can be identified with a particular entity.
E) Requires reporting the financial life of an entity in discrete time frames.