8. Valuing assets on financial statements at the amount of cash or other fair value paid for them at the time of the assets' acquisition most closely describes which measurement of financial statement elements? a. Current cost. b. Historical cost. c. Net Realizable Value. d. Net Present Value. 9. Which of the below listed accounting elements presented in financial statements is most closely related to a company's annual performance? a. Current assets. b. Expenses. c. Liabilities. d. Owners' Equity