For each of the following, select which concept, characteristic, assumption, or constraint is being out (a) Ensures that all relevant financial information is reported. (b) Indicates that personal and business record keeping should be separately maintained. (c) Necessary for providing comparisons of a company from period to period. (d) Issuing monthly financial statements is an example of this enhancing quality of relevance. (e) Financial information should contain all information necessary to portray the underlying transaction. (f) Financial information should help users assess the impact of past, present, and future events. (g) Knowledgeable, independent users should be able to achieve similar results when accounting for a particular transaction. (h) A company divides its economic activities into 12 -month periods. (i) Money is the common denominator of economic activity. (j) A reasonably informed user can interpret and comprehend the meaning of information (f) Financial information should help users assess the impact of past, present, and future events. (g) Knowledgeable, independent users should be able to achieve similar results when accounting for a particular transaction. (h) A company divides its economic activities into 12-month periods. (i) Money is the common denominator of economic activity. (j) A reasonably informed user can interpret and comprehend the meaning of information provided in the financial statements. (k) Assumes the entity will continue indefinitely in its operations. (I) This restriction requires that the value of the information presented should be greater than the cost of providing it. For each of the following, select which concept, characteristic, assumption, or constraint is being out (a) Ensures that all relevant financial information is reported. (b) Indicates that personal and business record keeping should be separately maintained. (c) Necessary for providing comparisons of a company from period to period. (d) Issuing monthly financial statements is an example of this enhancing quality of relevance. (e) Financial information should contain all information necessary to portray the underlying transaction. (f) Financial information should help users assess the impact of past, present, and future events. (g) Knowledgeable, independent users should be able to achieve similar results when accounting for a particular transaction. (h) A company divides its economic activities into 12 -month periods. (i) Money is the common denominator of economic activity. (j) A reasonably informed user can interpret and comprehend the meaning of information (f) Financial information should help users assess the impact of past, present, and future events. (g) Knowledgeable, independent users should be able to achieve similar results when accounting for a particular transaction. (h) A company divides its economic activities into 12-month periods. (i) Money is the common denominator of economic activity. (j) A reasonably informed user can interpret and comprehend the meaning of information provided in the financial statements. (k) Assumes the entity will continue indefinitely in its operations. (I) This restriction requires that the value of the information presented should be greater than the cost of providing it