Instructions Identify by number the accounting assumption, principle, or constraint that describes each situation below. Do not use a number more than once. a. Allocates expenses to revenues in the proper period. b. Indicates that fair value changes subsequent to purchase are not recorded in the accounts. (Do not use revenue recognition principle.) c. Ensures that all relevant financial information is reported. d. Explains why plant assets are not reported at liquidation value. (Do not use historical cost principle.) e. Generally records revenue at the point of sale. f. Indicates that personal and business record keeping should be separately maintained. g. Separates financial information into time periods for reporting purposes. 1. Economic entity assumption 2. Going concern assumption 3. Monetary unit assumption 4. Periodicity assumption 5. Accrual-basis assumption 6. Historical cost principle 7. Fair value principle 8. Expense recognition principle 9. Full disclosure principle 10. Revenue recognition principle 11. Cost constraint