Match the concepts of accrual accounting on the right with the assumptions or actions on the left:

_______ 1. Assumes expenses should be assigned to the accounting period in which they are used to produce revenues

_______ 2. Assumes a business will last indefinitely

_______ 3. Assumes revenues are earned at a point in time

_______ 4. Assumes net income that is measured for a short period of time such as one quarter, is a useful measure

a. Periodicity

b. Continuity

c. Matching rule

d. Revenue recognition