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=xercise 1-9 (Static) Basic assumptions, principles, and constraints [LO1-7, 1-8, 1-9] .isted below are several terms and phrases associated with the accounting concepts. Pair each item from List A with the item from List 3 that is most appropriately associated with it. ListA List B 1. Expense recognition i 2. Periodicity assumption F A common denominator is the dollar. 3. Historical cost principle . . . All information that could affect decisions should be reported. 4. Materiality 5. Revenue recognition Concerns the relative size of an item and its effect on decisions. 6. Going concern assumption Criteria usually satisfied for products at point of sale. 7. Monetary unit assumption Record expenses in the period the related revenue is recognized. 8. Economic entity assumption > The enterprise is separate from its owners and other entities. 9. Full-disclosure principle