Match each item characteristics, assumptions, principles, and constraint guide the FASB when it creates accounting standards with a description below.1. select an option Going Concern AssumptionPeriodicity Entity AssumptionMonetary Unit AssumptionRelevanceCost Disclosure PrincipleHistorical Cost Representation Items not easily quantified in dollar terms are not reported in the financial statements.2. select an option Periodicity AssumptionHistorical Cost Unit AssumptionEconomic Entity Disclosure PrincipleFaithful RepresentationCost Concern Assumption Accounting information must be complete, neutral, and free from error.3. select an option ComparabilityMonetary Unit Entity AssumptionFull Disclosure ConstraintFaithful RepresentationHistorical Cost PrincipleGoing Concern Assumption Personal transactions are not mixed with the company’s transactions.4. select an option Cost ConstraintGoing Concern AssumptionMonetary Unit Entity AssumptionHistorical Cost PrincipleFull Disclosure PrincipleMateriality The cost to provide information should be weighed against the benefit that users willgain from having the information available.5. select an option RelevanceCost ConstraintFaithful Concern AssumptionFull Disclosure Unit AssumptionEconomic Entity AssumptionHistorical Cost Principle A company’s use of the same accounting principles from year to year.6. select an option ConsistencyPeriodicity AssumptionCost ConstraintHistorical Cost PrincipleMaterialityFull Disclosure PrincipleGoing Concern AssumptionFaithful RepresentationEconomic Entity Unit AssumptionComparability Assets are recorded and reported at original purchase price.7. select an option Full Disclosure PrincipleMonetary Unit AssumptionHistorical Cost AssumptionRelevanceGoing Concern AssumptionEconomic Entity RepresentationCost Constraint Accounting information should help users predict future events, and should confirm or correctprior expectations.8. select an option Disclosure PrincipleGoing Concern AssumptionFaithful Entity AssumptionHistorical Cost PrincipleMonetary Unit AssumptionCost ConstraintPeriodicity Assumption The life of a business can be divided into artificial segments of time.9. select an option ComparabilityMonetary Unit AssumptionEconomic Entity AssumptionPeriodicity AssumptionRelevanceFull Disclosure PrincipleGoing Concern AssumptionCost Cost Representation The reporting of all information that would make a difference to financial statement users.10. select an option RelevanceGoing Concern Unit AssumptionPeriodicity AssumptionHistorical Cost PrincipleFaithful Disclosure PrincipleEconomic Entity AssumptionCost Constraint The judgment concerning whether an item’s size makes it likely to influence a decision-maker.11. select an option Monetary Unit Disclosure PrincipleMaterialityCost ConstraintHistorical Cost PrinciplePeriodicity Concern AssumptionEconomic Entity AssumptionFaithful Representation Assumes a business will remain in operation for the foreseeable future.12. select an option Cost ConstraintGoing Concern Cost PrincipleEconomic Entity AssumptionMonetary Unit RepresentationFull Disclosure Principle Different companies use the same accounting principles.