Listed below are several terms and phrases associated with basic assumptions, underlying principles, and constraints. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.

1. A common denominator is the dollar.
2. The enterprise is separate from its owners and other entities.
3. The original transaction value upon acquisition.
4. The life of an enterprise can be divided into artificial time periods.
5. Criteria usually satisfied at point of sale.
6. Concerns the relative size of an item and its effect on decisions.
7. All information that could affect decisions should be reported.
8. The entity will continue indefinitely.
9. Record expenses in the period the related revenue is recognized.

Match each of the options above to the items below.

Economic entity assumption

No answer 1 2 3 4 5 6 7 8 9

Monetary unit assumption

No answer 1 2 3 4 5 6 7 8 9

Going concern assumption

No answer 1 2 3 4 5 6 7 8 9

Matching principle