Problem 1-3 Match the definition with the term a. stable dollar concept b. cost principle c. objectivity principle d. going concern assumption e. separate business entity concept 17 1. All accounting information must be based on objective data 2. An underlying assumption that the business will continue to exist and all efforts will be made to assure its continued existence 3. Every business is to be separate and distinct, intermingling of assets should not occur. 4. The purchasing power of a dollar does not fluctuate 5. Cost is used in recording all transactions