1. __ Items not easily quantified in dollar terms are not reported in the financial statements. 2. __ Accounting information must be complete, neutral, and free from material error. 3. _ Personal transactions are not mixed with the company's transactions. 4. _ The cost to provide information should be weighed against the benefit that users will gain from having the information available. 5. __ A company's use of the same accounting principles from year to year. 6. __ Assets are recorded and reported at original purchase price. 7. __ Accounting information should help users predict future events, and should confirm or correct prior expectations. 8. _ The life of a business can be divided into artificial segments of time. 9. _ The reporting of sufficient details regarding circumstances and events that would make a difference to financial statement users. 10. __ The judgment concerning whether omitting or misstating an item could influence the decision of a financial statement user. 11. __ Assumes a business will remain in operation for the foreseeable future. 12. __ Different companies use the same accounting principles