Question: Current Adtempt in ProgresiIdentily the accounting ansumption, principle, or constraint that describes each situation below. Do not use a berm more than once.a. Allocabes expenses
Current Adtempt in ProgresiIdentily the accounting ansumption, principle, or constraint that describes each situation below. Do not use a berm more than once.a. Allocabes expenses to revenues in the proper perlod.b. Indicates that fair value changes shblequett to purthum are not reconded in the accounts (Donot use revenue recogeition principle)c. Insures that all relevant Anardia intermation is reported Avitorical cont principle)4. Inficatrs that perronal and buiness recond ineping should be separalely nainkalned.Separates fruncial information inter time periods for repertine purposes.Assumes that the dollar is the "meauring stid" wad to report en fenmerial performance.
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