Question 1. (TCO A) Listed below are several information, characteristics, and accounting principles and assumptions.

Question 1.1. (TCO A) Listed below are several information, characteristics, and accounting principles and assumptions. Match the letter of each with the appropriate phrase that states its application.(Points : 30) Potential Matches:1 : Yearly financial reports2 : Presentation of error-free information with representational faithfulness3 : Accruals and deferrals in adjusting and closing process4 : Business enterprise assumed to have a long life5 : Application of the same accounting principles as in the preceding year6 : Affairs of the business distinguished from those of its owners7 : Notes as part of necessary information to a fair presentation8 : Valuing assets at amounts originally paid for them9 : Earning process completed and realized or realizable10 : Stable dollar assumption