Answer for a-f

Identify the accounting assumption or principle that is described below. Is the rationale for why plant assets are not reported at liquidation value. (Note: Do not use the historical cost principle.) Historical Cost Principle Monetary Unit Assumption Periodicity Assumption Economic Entity AssumptionAssumes that the dollar is the "measuring stick" used to report on financial performance. Full Disclosure Principle Going Concern Assumption (b) Indicates that personal and business record-keeping should be separately maintained. (d) Separates financial information into time periods for reporting purposes. fitn 4Measurement basis used when a reliable estimate of fair value is not available. 4Dictates that companies should disclose all circumstances and events that make a difference to financial statement users