Question: The lettered items below represent a classification scheme for the concepts of financial accounting. Match each numbered term with the letter of the category in

The lettered items below represent a classification scheme for the concepts of financial accounting. Match each numbered term with the letter of the category in which it belongs.

a. Decision makers (users of accounting information)

b. Business activities or entities relevant to accounting measurement

c. Objectives of accounting information

d. Accounting measurement considerations

e. Accounting processing considerations

f. Qualitative characteristics g. Accounting constraints h. Financial statements

1. Prudence 2. Reliability 3. Cash flow statement 4. Materiality 5. Faithful

1. Prudence 2. Reliability 3. Cash flow statement 4. Materiality 5. Faithful representation 6. Recognition 7. Benefit-cost 8. Understandability 9. Business transactions 10. Comparability 11. Completeness 12. Providing information useful to investors and lenders 13. Specific business entities 14. Classification 15. Management 16. Neutrality 17. Internal accounting control 18. Valuation 19. Investors 20. Timeliness 21. Relevance 22. Providing information useful in assessing cash flow prospects

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