Each case needs assessment on how each item indicated will be recognized in the financial statements Explain how you account for each case, backing up your answer by reference to the concepts and principles found in the Conceptual Framework: CASE A: (ASSET) Your mother gave you a 15th-century pearl-studded necklace with sentimental value only CASE B: [LIABILITY] You are a co-maker (someone who pays a loan in case the original debtor does not pay) of your sister's loan and you are confident that she will pay the loan by herself. CASE C: [LIABILITY] You are a co-maker of your sister's loan and you have reason to believe that she will not pay it because she is in dire financial difficulty now. CASE D: [ASSET) Your significant other gave you 300 shares of Jollibee Corporation, valued at P400 each. CASE E: (ASSET] The view of the Taal Volcano and Lake from your recently opened restaurant's windows. These are one of the main reasons why you have many customers every day. CASE F: [LIABILITY] You recently got into a car crash with another car. You know this is your fault but you do not have any idea how much the repairs will cost