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