Listed Below Are Five Terms Followed by a List of Phrases

question 151

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Monetary unit assumption

• A)Implies consensus among different observers.
• B)Assumes an entity will continue to operate indefinitely.
• C)Ignores the possibility of inflation.
• D)Assumes all transactions can be identified with a particular entity.
• E)Requires reporting the financial life of an entity in discrete time frames.