$21\mathrm{.}9($L$\mathrm{.}0\mathrm{.}3)($Assumptions$,$ Frinciples, and Constraint$)$ Presenbel below are a number of operational guidelines and practices that have developed over time.

Tastructions

Select the assumption, principle, or constraint that most appeopriately justifies these procedares and practices. $($Do not use qualizative characteristics.$)$

$2.$ Fatrvatse chingerare not recognlant in the accounting records.

b$.$ Financial information is presented so that investors will not be misled.

c$.$ Intangible assets are amoetized over periods benefited.

d$.$ Agricultaral companies use fair value for parposes of valuing crops.

e$.$ Each company is kept as a unit distinct from its owner or owners.

f$.$ All significant post$-$balance$-$sheet events are disclosed.

g$.$ Revenue is recorded when the product is delivered.

h$.$ All important aspects of bond indentures are presented in financial statements.

Rationale for accrual accounting.

The use of consolidated statements is justilied.

k$.$ Reporting mast be does at defined time inbervals.

L$.$ An allowance for doubtful accounts is established.

m$.$ Goodwill is recorded only at the time of parchase.

n$.$ A company charges its sales commission costs to expense.