Barry Lim is a 28-year old data analyst who lives in Singapore. He recently made a few decisions that affected his professional life. Identify the accounting assumptions and principles that apply to each of the following situations:
a. Barry quit his job at a data analysis firm to open a café called Barry’s Café. He separated his personal assets from the assets of Barry’s Café to help him evaluate the business performance.
b. The Covid-19 pandemic has caused s a severe disruption to global economy, particularly in the food and beverage sector. However, Barry’s Café has not been impacted much as it is near a local campus. Barry expects that his café will remain in operation for the foreseeable future.
c. All business transactions at Barry’s Café are made in Singapore dollars. Therefore, Barry’s Café reports its financial statements in Singapore dollars.

d. Barry’s Café records all furniture and a coffee roaster at its original costs (purchase price).