(TCO A) Listed below are some information,

timer Asked: Aug 26th, 2015

Question description

(TCO A) Listed below are some information, characteristics, and accounting principles and assumptions. Match the term with the appropriate phrase that states its application.
(Points : 30)

Potential Matches:
1 : Implies that a company can divide its economic activities into artificial time periods
2 : Affairs of the business distinguished from those of its owners
3 : Presentation of error-free information with representational faithfulness= Presentation of error-free information with representational faithfulness
4 : Notes as part of necessary information to a fair presentation
5 : Economic activity can be identified with a particular unit of accountability
6 : Earnings process completed and realized or realizable
7 : Money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis
8 : Valuing assets at amounts originally paid for them
9 : Application of the same accounting principles as in the preceding year
10 : Business enterprise assumed to have a long life
 Answer   :   :   :   :   :   :   :   :   :   :

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