w Full DISCIOSure P ipe indelliLS are presented in financial statements. home Qu (1) Rationale for accrual accounting Exper se Recognition and Revenue Recognition Principles The use of consolidated statements is justified. | Economic Entity Assumption (k) Reporting must be done at defined time intervals. | Periodicity Assumption (1) allowance for doubtful accounts is established. Expense Recognition Principle In Acompany charges its sales commission costs to expense will is recorded only at time of purchase (m) Goodwill is recorded only at time of purchase. Measurement Principle (historical cost) (n) A company charges its sales commission costs to expense. Expense Recognition Principle LINK TO TEXT LINK TO TEXT