Match each of the following terms with the best description below:
1. Cost principle
2. Generally accepted accounting principles
3. Going concern assumption
4. Economic entity concept
5. Monetary unit assumption
(a) ________ Transactions are recorded in terms of units of money.
(b) ________ Transactions are recorded based on the actual amount received or paid.
(c) ________ Accounting for a business excludes any personal transactions of the owner and the transactions of any other entity.
(d) ________ The broad principles and practices, as well as rules and procedures, that indicate how to report economic events.
(e) ________ Businesses are expected to continue operating indefinitely.