Identify the accounting concept that relates to each statement or phrase below.

Statement

Inflation causes a violation of this assumption.

Information that could affect decision maling should be reportad.

Recognaring expenses in the perfod they were incumed to produce mone

The basis for measurement of many monets and liabilited.

Relates to the qualitative characteriatic of timelinatio.

All economic events can be identifled with a particilar entity.

The benefis of providing accounting inflomation should exeed the coelt all foing sa$.$

A consequence in that GANP need not be followed in all situations.

Not a qualitative characteriatic, but a practical justificalion for some aousunting elecices.

Assumes the entity will cortinue indefinitely.