Match the Letter of Each Principle or Assumption or Qualitative

question 6

Multiple Choice

Match the letter of each principle or assumption or qualitative characteristic with the appropriate statement.
-Standard of measure for financial statements.

• A)Business entity
• B)Going concern
• C)Time period
• D)Monetary unit
• E)Historical cost
• F)Conservatism
• G)Realization
• H)Consistency
• I)Full disclosure
• J)Verifiability
• K)Materiality
• L)Industry practices

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Definitions:

Medicare

Medicare is a federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.