21. Which accounting principle requires assets be reported at their historical or acquist A. Stable monetary unit B. Money measurement C. Duality D. Cost evaluation E. Accrual accounting 22. The accounting convention of materiality A. requires the lower of cost or market for reporting the value of inventory and marketable securities. B. allows deviations from generally accepted accounting practice when the deviation does not significantly distort an organization's financial position. C. requires the consistent use of accounting methods over time D. allows one set of accounts to be maintained for external reporting purposes and another set for interna decision-making 23. Which of the following transactions would increase the value of the organization? 3 A. Paying off $50,000 in short term liabilities B. Collecting $50,000 on previously billed accounts C. Purchasing $50,000 in supplies D. Billing $50,000 for services rendered 24. Which of the following transactions will not change the value of the organization? A. Billing $200,000 for services rendered B. Paying $115,000 in salaries and wages C. Purchasing $50,000 in supplies D. Paying $10,000 in interest E. Depreciating buildings and equipment by $20,000 25. Mayo Clinic in 2015 earned A. $45,634,212 B. $271,345,714 C. $1,010,332,994 D. $4,716,398,592 E. $6,383,789,949