Match the numbered statements below with the lettered terms. An answer (letter) may used more than once, and some terms require more than one answer (letter).

1. Key ingredients in quality of relevance.

2. Traditional assumptions that influence the FASB's conceptual framework.

3. The idea that information should represent what it purports to represent.

4. An important constraint relating to costs and benefits.

5. An example of conservatism

6. The availability of information when it is needed.

7. Recording an item in the accounting records.

8. Determines the threshold for recognition.

9. Implies consensus.

10. Transactions between independent parties.

a) Cost-effectiveness

b) Representational faithfulness

c) Recognition

d) Verifiability

e) Time periods

f) Unrealized

g) Completeness

h) Timeliness

i) Materiality

j) Predictive value

k) Economic entity

l) Lower-of-cost-or-market rule

m) Phrenology

n) Arm's-length transactions