d. FASB Statement of Concepts No. 5, Recognition and Measurement in Financial Statements of Business Enterprises, provides guidance on what information should be included in the financial statements and when. CON 5 identifies four fundamental criteria for an item to be recognized in the financials: (1) the item should meet the definition of an element of financial statements (i.e.. CON 6), (2) it can be measured with sufficient reliability, (3) the item is relevant to decision making, and (4) the information is reliable (i.e., representationally faithful, verifiable, and neutral). Alternative measurement bases include historical cost, current (replacement) cost, current market value, net realizable (settlement) value, and the present (or discounted) value of future cash flows. Explain how each of the following items are measured in Weis Markets' financial statements. Note I to the financial statements provides relevant information on how key items are measured in the Weis financial statements. i. Cash and cash equivalents ii. Accounts receivable, net iii. Inventories iv. Property and equipment, net Accrued self-insurance V.

d. FASB Statement of Concepts No. 5. Recognition and Measurement in Financial Starements of Business Enterprises, provides guidance on what information should be included in the financial statements and when. CON 5 identifies four fundamental criteria for an item to be recognized in the financials: ( 1 ) the item should meet the definition of an element of financial statements (i.e., CON 6), (2) it can be measured with sufficient reliability, (3) the item is relevant to decision making, and (4) the information is reliable (i.e., representationally faithful, verifiable, and neutral). Alternative measurement bases include historical cost, current (replacement) cost, current market value, net realizable (settlement) value, and the present (or discounted) value of future cash flows. Explain how each of the following items are measured in Weis Markets' financial statements. Note I to the financial statements provides relevant information on how key items are measured in the Weis financial statements. i. Cash and cash equivalents ii. Accounts reccivable, net iii. Inventories iv. Property and equipment, net v. Accrued self-insurance