34. Which of the following is not a feature of the separate entity concept? A. Business and owner are treated as separate entities B. Personal affairs of the owner should not be considered C. Business should not be dissolved in the near future D, This concept is followed in all types of businesses 35. Going concern can be defined best as: A. The concept provides the basis for the formation of the accounting equation. B. This concept refuses allocation of cost on different accounting periods. C. This concept discusses the issue of the realization of profit. D. This concept assumes that the business will operate for a long period of time and will not be dissolved in the near future. 36. Matching concept does not include one of the following: A. The revenues of a particular period must match with the expenses of that period. C. This concept also required allocation of cost on different accounting periods. D. Revenues should only be recorded if there is reasonable certainty about its realization. E. The comparison of incomes and expenses of a period gives the net profit or loss for that particular period. 37. Generally accepted principles do not include: A. Depreciation convention B. Conservatism convention C. Consistency convention D. Full disclosure convention 38. The realization concept does not include one of the following features: A. The concept requires proper care when calculating revenue. B. The concept stresses that revenues should only be recorded if there is reasonable certainty about their realization. C. The concept describes the problems that may arise in the calculation of incomes and expenses. D. The concept explains that the comparison of incomes and expenses for a particular period can give the period's net result