L(print your name) Chapter 2 describes how using GAAP balance sheet assets, liabilities and equity are measured under a "mixed attribute model with some combination of historical cost and fair values. The following measurement principles can be found within GAAP. Historical Cost Adjusted Acquisition Cost Initial Present Value Assets subject to impairment testing Net Realizable Value (exit cost) Replacement Cost (entry cost)_ Instructions: Classify the following financial statement accounts by their measurement attributes. Place the number of the item next to its measurement characteristic., above. In limited instances an account may fall into more than one category. 1. Trading Securites 2. Long lived assets 3. Available for Sale Debt Securities 4. Discontinued Businesses 5. Depreciable Fixed Asset 6. Long term receivables (> 1 year maturity) 7. Intangible Assets 8. Bonds held to maturity 9. Equity securities 10. Inventory at Cost 11. Derivative hedging activities 12. Accounts Payable 13. Income Taxes Payable 14. Goodwill 15. Cash 16. Inventory at Market 17. Accounts Receivable short term 18. Common Stock 19. Additional Paid in Capital 20. Marketable Equity Securities