Here are some of the accounting concepts relating to the conceptual framework discussed in this chapter: 

1. Going concern assumption 

2. Reporting entity 

3. Full disclosure 

4. Monetary unit 

5. Cost constraint 

6. Periodicity 

Identify by number the foundational concept, assumption, or constraint that describes each situation below. Do not use a number more than once. 

a. ______ is why land is reported as a non-current asset. 

b. ______ indicates that personal and business record keeping should be kept separate. 

c. ______ ensures that all relevant financial information is reported. 

d. ______ explains why Canadian companies report financial information in Canadian dollars. 

e. ______ explains how to divide up economic activities into distinct time periods.