Presented below are a number of operational guidelines and practices that have developed over time. Select the assumption, principle, or constraint that most appropriately justifies these procedures and practices. (Do not use qualitative characteristics.)

Measurement Principle (fair value) and Expense Recognition Principle are wrong.

Measurement Principle (fair value) and Expense Recognition Principle are wrong.

Measurement Principle (fair value) and Expense Recognition Principle are wrong.

Measurement Principle (fair value) and Expense Recognition Principle are wrong.

Measurement Principle (fair value) and Expense Recognition Principle are wrong.

Measurement Principle (fair value) and Expense Recognition Principle are wrong.

() An allowance for doubtful accounts is established Measurement Principle (fair value) Full Disclosure Principle Periodicity Assumption Expense Recognition and Revenue Recognition Principles Revenue Recognition Principle Measurement Principle (fair value) Economic Entity Assumption Measurement Principle and Expense Recognition Principle Measurement Principle (historical cost) (m) Goodwill is recorded only at time of purchase. (n) A company charges its sales commission costs to expense. Click if you would like to Show Work for this question: Modify Show Work Expense Recognition Principle