Match each term or phrase to its description below.

Whether omitting or misstating an item could influence the decision of a financial statement user.

Constraint that weighs the cost that companies will incur to provide the information against the benefit that

financial statement users will gain from having the information available.

Obligations that a company expects to pay within the next year or operating cycle, whichever is longer.

Information that is complete, neutral, and free from material error.

The primary accounting standard$-$setting body in the United States.

A set of accounting standards that has substantial authoritative support and which guide accounting professionals.

The ability of a company to pay obligations that are expected to become due within the next year or operating cycle.

The average time required to purchase inventory, sell it on account, and then collect cash from customers$-$that is$,$

go from cash to cash.