Question: Indicate the assumption ( going concern, business / economic entity, monetary unit, or periodicity ) that best fits the following scenarios. Question content area bottom

Indicate the assumption(going concern, business/economic entity, monetary unit, or periodicity) that best fits the following scenarios.
Question content area bottom
Part 1
Scenario
Related Assumption
a.
Monro Manufacturing requires that its division managers report to corporate headquarters on a monthly basis.
b.
Rainbow Paints, Inc. owns 15% of New Eljam Company. Rainbow does not consolidate this affiliate company because it cannot control New Eljam's operations.
c.
Financial analysts at Nelson Corporation use an infinite-growth assumption in building a model to value the company.
d.
Factory buildings are reported on Jack Jones Warehousing, Inc.s balance sheet as the sum of the total cost of two plants; one of the plants was acquired in 1951 and the other was purchased in 2011.

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