198.Match the following terms with the appropriate definitions.
1. Presumes that the life of a company can be divided into periods for reporting purposes.Cost
2. A financial statement that reports the changes in retained earnings over the reporting period; including increases such as net income and for decreases such as dividends or net loss.
3. A principle that requires the information in financial statements to be supported by independent
4. A report that describes a company's financial position at a point in time.
5. The concepts and rules that govern financial accounting.
6. The governmental agency that has the legal authority to establish accounting rules.
7. An independent group consisting of individuals from many countries that identify preferred accounting practices.
8. A report that identifies cash receipts and cash payments over a period of time.Full disclosure
9. Prescribes that a company report the details behind financial statements that would impact user decisions.
10. Prescribes that assets and services to be recorded initially on a cash or equal-to-cash basis.