Match the term with the correct definition.$$ Write the letter of the correct term on the space provided for each definition.$$ Not all terms will be used.

Group of answer choices

Chose the solution that will be least likely to overstate assets or income.

$[$ Choose $]$Going Concern$$Consistency$$Full disclosure principle$$Cost Constraint$$Conservatism$$Expense recognition principle$$Periodicity$$Materiality$$Revenue recognition principle$$Faithful representation$$Historical Cost$$Economic entity principle$$Monetary unit assumption$$

The need to disclose the depreciation methods used in the financial statements.

$[$ Choose $]$Going Concern$$Consistency$$Full disclosure principle$$Cost Constraint$$Conservatism$$Expense recognition principle$$Periodicity$$Materiality$$Revenue recognition principle$$Faithful representation$$Historical Cost$$Economic entity principle$$Monetary unit assumption$$

Applying the same accounting treatment to similar accounting events.

$[$ Choose $]$Going Concern$$Consistency$$Full disclosure principle$$Cost Constraint$$Conservatism$$Expense recognition principle$$Periodicity$$Materiality$$Revenue recognition principle$$Faithful representation$$Historical Cost$$Economic entity principle$$Monetary unit assumption$$

Recording revenue when a company satisfies the performance obligation to its customer with no regard to when cash or payment is received.

$[$ Choose $]$Going Concern$$Consistency$$Full disclosure principle$$Cost Constraint$$Conservatism$$Expense recognition principle$$Periodicity$$Materiality$$Revenue recognition principle$$Faithful representation$$Historical Cost$$Economic entity principle$$Monetary unit assumption$$

A company keeps its activity separate and distinct from its owners.

$[$ Choose $]$Going Concern$$Consistency$$Full disclosure principle$$Cost Constraint$$Conservatism$$Expense recognition principle$$Periodicity$$Materiality$$Revenue recognition principle$$Faithful representation$$Historical Cost$$Economic entity principle$$Monetary unit assumption$$