Exercise 2-12 identily the accounting assumption or prinoiple that is described below Is the rationale for why plant assets are not reported at iquidation vala. (Note Indicates that personal and business record keeping should be separately maintained Do not use the historical cost principle.) Assumes that the dollar is the "measuring stick used to report on financial performiance Separates inancial inlormation into time periods for reporting purposes Measurement basis used when a relable estimate of fair value is not avalable Dictates that companies should disclose all oroumstances and events thet make a difference to financial statement users Eck you would like to Show work for this questioni anaouit Question Attempts:0 of 3 wsed i e