is the proprietor of a property management company near the campus of a local university. The business has cash of and furniture that cost and has a market value of . Debts include accounts payable of . personal home is valued at , and personal bank account contains . RequiredLOADING... Question content area bottom Part 1 Requirement 1. Identify the accounting assumption, principle, or constraint that best matches each of the following situations. Select the accounting assumption, principle, or constraint that best applies to each situation. a. personal assets are not recorded on the property management company's balance sheet: Cost-benefit constraint Cost principle of measurement Economic entity assumption Going concern assumption Materiality constraint Stable monetary unit assumption Part 2 b. records furniture at its cost of , not the market value of : Cost-benefit constraint Cost principle of measurement Economic entity assumption Going concern assumption Materiality constraint Stable monetary unit assumption Part 3 c. does not make adjustments for inflation: Cost-benefit constraint Cost principle of measurement Economic entity assumption Going concern assumption Materiality constraint Stable monetary unit assumption Part 4 d. missed recording a cup of coffee on her financial statements. does not ask her accountant to redo the financial statements because that would cost an extra : Cost-benefit constraint Cost principle of measurement Economic entity assumption Going concern assumption Materiality constraint Stable monetary unit assumption Part 5 Requirement 2. How much is the owner's equity of the property management company? has $ enter your response here of equity in the property management company