Question: Match each statement with the appropriate accounting concept. (Some items may not be used. Others may be used more than once.) a. Accounting period concept

Match each statement with the appropriate accounting concept. (Some items may not be used. Others may be used more than once.) a. Accounting period concept b. Adequate disclosure concept c. Business entity concept d. Cost concept e. Going concern concept f. Matching concept g. Objectivity concept h. Unit of measure concept (1) Owners transactions are separate from business transactions. (2) Financial statements are prepared at the end of each year. (3) Land purchased for $50,000, 10 years ago, is reported on the Balance Sheet at $50,000. (4) December rent expense paid in January is reported with the December revenues. (5) All transactions are recorded and reported in dollars. (6) Providing a summary of significant accounting policies (7) Assumes that IBM will continue as a corporation forever (8) The length of time left on debt obligations is shown.

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