State the Accounting Term That Applies to Each of the Following

State the accounting term that applies to each of the following definitions.
$$\begin{array} { | l | l | } \hline \text { Definition } & \text { Accounting Term } \\\hline \text { Businesses should use the same } & \\\text { accounting methods from period to } & \\\text { period. } & \\\hline \text { Treats the oldest inventory purchases } & \\\text { as the first units sold. } & \\\hline \text { Principle whose foundation is to } & \\\text { exercise caution in reporting financial } & \\\text { information. } & \\\hline \text { Treats the most recent/newest } & \\\text { purchases as cost of goods sold. } & \\\hline\end{array}$$