11f

For each situation that foliown identify by its number the foundatonat orinciple above that is deserlbed. a. Alocates expenses to revenues in the proper period b. Indicates that market value changet ofter the purchase are not recorded in the accounts unkess imgairment: exists. (Do not use the revenue recognition principle). c. Ensures that ali relevant financial information is reported. d. Is why plant assets are not reported at their liquidation value. (Do not use the historical cost princiole) e. Related to the economic entity principle, defines the entities that should be consolidated in the firiancial statements: e. Related to the economic entity principle, defines the entities that should beconsolidated in the financial statements. f. Indicates that personal and business record-keeping should be separately maintained. g. Separates financial information into time periods for reporting purposes. h. Permits the use of market valuation in certain specific situations. i. Requires passing of risks and rewards, measurability, and collectibility before recording the transaction. Assumes that the dollar is the measuring unit for reporting financial performance. For each situation that foliown identify by its number the foundatonat orinciple above that is deserlbed. a. Alocates expenses to revenues in the proper period b. Indicates that market value changet ofter the purchase are not recorded in the accounts unkess imgairment: exists. (Do not use the revenue recognition principle). c. Ensures that ali relevant financial information is reported. d. Is why plant assets are not reported at their liquidation value. (Do not use the historical cost princiole) e. Related to the economic entity principle, defines the entities that should be consolidated in the firiancial statements: e. Related to the economic entity principle, defines the entities that should beconsolidated in the financial statements. f. Indicates that personal and business record-keeping should be separately maintained. g. Separates financial information into time periods for reporting purposes. h. Permits the use of market valuation in certain specific situations. i. Requires passing of risks and rewards, measurability, and collectibility before recording the transaction. Assumes that the dollar is the measuring unit for reporting financial performance