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.
-Historical cost

A) Basis of measurement for fixed assets.
B) Reporting of all information that could affect decisions.
C) Occurs when goods or services are transferred to the customer.
D) Discounts future cash flows.
E) Application of GAAP sometimes avoided under this constraint.