Question: Match each description with the characteristics, assumptions, principles, and constraint that guide the FASB when it creates accounting standards. 1. 2. 3. 4. 5. 6.
Match each description with the characteristics, assumptions, principles, and constraint that guide the FASB when it creates accounting standards. 1. 2. 3. 4. 5. 6. 7. 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 fransactions. The cost to provide information should be weighed against the benefit that users will gail A companys use of thesome accounting principles from year to year. Assets are recorifenf and reported at orignal purchase price Accounting hiformation should helo vesers predict future events, and should confirm or a The iffe of a business can be divided into artifidal segments of time
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