Mchael acName h propritor of a property management company, Agartment Exchange, meaw the campus of Penscola Stae Colege. The business has cash of $8,000 and tumbre that cost 59 000 and has markot value of $13,000 The business debts inclade accounts payable of 56,000 Michaefs personal home is valued at $400,000, and his personal bank account has a balance of $1,200 Monlily the principle or assumption that best matches the shuation Michaer's personal assets are not recerded an the Apartemenit Exchange's balance sheet b. The Apartment Exchange records furniture at its cost of $9,000, not iRs market value of $13,000 c. The Apartment Exchange reports its financial statements in US dollars d. Michael expects the Apartment Exchange to remain in operations for the loreseeable future a. Michaofs personal assets are not recorded on the company's balance sheet b. The company records furniture at its cost of $9,000, not its market value of $13,000 c. The company records its financial statements in U.S dollars d. Michad expects the company to remain in operations for the foreseeable luture