Match each item (characteristics, assumptions, principles, and constraint guide the FASB when it creates accounting standards) with a description below 1 2 3 Faithful Representation Comparability Consistency Going Concern Assumption Periodicity Assumption Historical Cost Principle Relevance Full Disclosure Principle Monetary unit Assumption Economie Entky Assumption Materiality Cost Constraint 4 5 6. Items not easily quantified in dollar terms are not reported in the financial statements Accounting information must be complete, neutrat, and free tram 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 gain from having the information available Acompany'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 correct prior expectations, The life of a business can be divided into artificial segments of time. The reporting of all information that would make a difference to financial statement The judgment concerning whether an item's size makes it likely to influence a decision-maker. Assumes a business will remain in operation for the foreseeable future. Different companies use the same accounting principles 7 8 9. users 10 11 12