please answer all the questions immediately

26. Which of the following statements in relation to underlying assumptions is true? 1. In accordance with the monetary unit assumption, accountants normally revise the amounts to reflect the changing purchasing power of money due to inflation or deflation. II. In accordance with the going concern assumption, the life of an entity is presumed to be indefinite. * (1 Point) Both I and II Oll only O l only Neither I and II 27. The elements related to the measurement of financial position are (1 Point) Assets and liabilities Assets. liabilities and equity Assets. liabilities, equity, income and expenses income and expenses ENO 28. Income Statement and Statement of Owner's Net Worth are reported at a point in time. While Statement of Financial Position reports assets and liabilities for a certain period of time.* (1 Point) False True evidence to contrary is an example 29. Continuation of an accounting entity in the absence the basic concept of* m (1 Point) Accounting entity Accrual O Time period Going concern 30. The first step in the accounting cycle is to * (1 Point) O Analyze the transactions from source documents O Adjust the general ledger accounts O Postjournal entries to hpneral ledger accounts Record the transactions in a journal 31. The measurement bases used in financial accounting include (1 Point) Historical current cost and present value only Historical current cost realizable value and present value Historical current cost and realizable value only Historical cost and current cost only