Is the rationale for why plant assets are not report atliquidation value. (Note: execute not usage the historic costprinciple.)

Indicates that personal and business record-keeping have to beseparately maintained.

You are watching: Identify the accounting assumption or principle that is described below.

Assumes the the dollar is the “measuring stick” used to reporton financial performance.

Separates financial info into time periods for reportingpurposes.

Measurement basis offered when a trustworthy estimate the fair value isnot available.

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Dictates that companies have to disclose all situations andevents that make a distinction to financial statement users.

(a)select the accounting assumption or principle

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Going worry AssumptionMonetary Unit AssumptionPeriodicityAssumptionHistorical cost PrincipleEconomic reality AssumptionFullDisclosure Principle

(b)select the accounting assumption or principle

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Historical expense PrincipleGoing issue AssumptionEconomic EntityAssumptionFull Disclosure PrincipleMonetary UnitAssumptionPeriodicity Assumption

(c)select the audit assumption or principle

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Periodicity AssumptionGoing problem AssumptionFull DisclosurePrincipleHistorical cost PrincipleEconomic EntityAssumptionMonetary Unit Assumption

(d)select the audit assumption or principle

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Periodicity AssumptionFull Disclosure PrincipleEconomic EntityAssumptionGoing concern AssumptionHistorical expense PrincipleMonetaryUnit Assumption

(e)select the audit assumption or principle

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FullDisclosure PrincipleMonetary Unit AssumptionEconomic EntityAssumptionPeriodicity AssumptionHistorical price PrincipleGoingConcern Assumption

(f)select the bookkeeping assumption or principle

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FullDisclosure PrincipleHistorical expense PrincipleEconomic EntityAssumptionGoing concern AssumptionMonetary UnitAssumptionPeriodicity Assumption