Business, 20.09.2020 19:01, 23stanforthb

Identify the accounting assumption, principle, or constraint that describes each situation. Do not use an answer more than once. (a) Allocates expenses to revenues in the proper period. select an option (b) Indicates that fair value changes subsequent to purchase are not recorded in the accounts. (Do not use revenue recognition principle.) select an option (c) Ensures that all relevant financial information is reported. select an option (d) Rationale why plant assets are not reported at liquidation value. (Do not use historical cost principle.) select an option (e) Indicates that personal and business record keeping should be separately maintained. select an option (f) Separates financial information into time periods for reporting purposes. select an option (g) Assumes that the dollar is the "measuring stick" used to report on financial performance.

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Identify the accounting assumption, principle, or constraint that describes each situation. Do not u...