Question 1 (1 point) If something cannot be objectively measured, it should be reported at its original purchase price in accordance with the:

Question 1 options:

	Conservatism principle
	Cost principle
	Going concern convention
	Materiality principle
	Objectivity principle

Question 2 (1 point) The following is an asset:

Question 2 options:

	Deferred revenue and support
	Donations
	Equipment
	Sales revenue
	Wages payable