Match the assumption, principle, or constraint description with the appropriate term by placing a, b, c, d, e, and f on the appropriate line.
a. Cost principle of measurement _____ Benefits of the information produced by an accounting system must be greater than the costs
b. Going concern assumption _____ Amounts may be ignored if the effect on a decision maker’s decision is not significant
c. Stable monetary unit assumption _____ Transactions are recorded based on the cash amount received or paid
d. Economic entity assumption _____ Ignore the effects of inflation in the accounting records
e. Cost-benefit constraint _____ Assumes that a business is going to continue operations indefinitely
f. Materiality constraint _____ A business must keep its accounting records separate from its owner’s accounting records.
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