Question 4 [5 points] Of the five Generally Accepted Accounting Principles (GAAP) introduced in this section, identify which broad accounting principle describes most directly each of the following. er a) select answer Each economic entity or business of the owner must keep accounting records and reports that are separate from those of the owner and any other economic entity of the owner. b) select answer A business is assumed to continue to operate into the foreseeable future. c) select answer Capital Consultants is a Canadian company and records and reports transactions in Canadian dollars. It purchased equipment from the United States for US$52,000 and recorded in the accounting records at the Canadian equivalent of Cdn$83,200. d) select answer The theory that each business records and reports its financial activities in terms of the national monetary unit of its country, such as dollars, yens, or euros, is the definition for which principle? select answer Bricks is a sole proprietorship owned by Bert Zimm, who purchased a computer for personal use and recorded it as an asset on the balance sheet of Bricks. Which principle has Bert Zimm violated? lits 5 ity