choosing from a. Going concern or continuity b. Monetary unit c. Conservatism d. Matching e. Full disclosure f. Materiality g. Transaction approach h. Accrual basis i. Industry practices j. Verifiability k. Consistency l. Realization m. Historical cost n. Time period o. Business entity which is correct 14. Of the various values that could be used, this value has been selected because it is objective and determinable