Enter the GAAP terminology next to the correct description….

Enter the GAAP terminology next to the correct description. [a]: if the value of an item is not significant, then other accounting principles may be ignored if it is not practical to use them [b]: financial statements must be prepared in a specific currency denomination [c]: requires that footnotes on the financial statements disclose any past or future events that could affect the financial health of the business [d]: expenses incurred should closely match the actual revenue those expenses generated [e]: a business’s financial transactions must be kept completely separate from those of the owners [f]: the time period of the financial statements must be reported [g]: there must be evidence (i.e. sales slips, invoices, guest checks) to back up the financial transactions reported [h]: the assumption that the business will be ongoing indefinitely and therefore assets are recorded at the price paid and not replacement value [i]: all business transactions must be recorded at their cash cost [j]: a business must consistently use one system to record transactions [k]: accountants must be conservative when reporting revenue and realistic when reporting expense and other liabilities