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Listed below arc eight technical accounting terms introduced in thin chapter: Realization principle Credit Time period principle Accounting period Matching principle Expenses Net income Accounting cycle Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the term described, or answer "None" if the statement docs not correctly describe any of the terms. The span of lime covered by an income statement. The sequence of accounting procedures used to record, classify, and summarize accounting information. The traditional accounting practice of revolving uncertainty by choosing the solution that leads to the lowest amount of income being recognized. An increase in owners' equity resulting from profitable operations. The underlying accounting principle that determines when revenue should be recorded in the accounting records. The type of entry used to decrease an asset or increase a liability or owners* equity account. The underlying accounting principle of offsetting revenue earned during an accounting period with the expenses incurred in generating that revenue. The costs of the goods and services used up in the process of generating revenue. The purpose of this exercise is to demonstrate the matching principle in a familiar setting. Assume that you own a car that you drive about 15,000 miles each year. List the various costs to you associated with owning and operating this car. Make an estimate of the total annual cost of owning and operating the cat. as well as the average cost-per-mile that you drive