Match each description with the characteristics, assumptions, principles, and constraint that guide the FASB when it creates

accounting standards.

Cost Constraint

$11$

Going Concern Assumption

Items not easily quantified in dollar terms are not reported in the financial statements.

Accounting information must be complete, neutral, and free from material error.

Personal transactions are not mixed with the company's transactions.

The cost to provide information should be weighed against the benefit that users will ga

A company's use of the same accounting principles from year to year.

Assets are recorded and reported at original purchase price.

Accounting information should help users predict future events, and should confirm or

The life of a business can be divided into artificial segments of time.

The reporting of sufficient details regarding circumstances and events that would make

The judgment concerning whether omitting or misstating an item could influence the de

Assumes a business will remain in operation for the foreseeable future.