Please Read The Instructions properly and than solve the question, 6 hours required to be solved this question.

04: Given below are the Generally accepted Accounting Principles (GAAP's) assumptions, principles, and constraints that you have studied in chapter two of financial reporting (06) 1. Economic entity assumption 5. Historical cost principle 9. Materiality 2. Going concern assumption 6. Matching principle 10. Industry practices 3. Monetary unit assumption 7. Full disclosure principle 4. Time Period assumption 8. Cost-benefit relationship Requirements You are required to identify by name of accounting assumption, principle, or constraint that describes each situation below. 1. Allocates expenses to revenues in the proper period. b. Indicates that market value changes subsequent to purchase are not recorded in the accounts. (Do not use revenue recognition principle.) c. Ensures that all relevant financial information is reported. d. Rationale why plant assets are not reported at liquidation value. (Do not use historical cost principle.) e. Indicates that personal and business record keeping should be separately maintained. f. Separates financial information into time periods for reporting purposes. . Permits the use of market value valuation in certain specific situations, h. Requires that information significant enough to affect the decision of reasonably informed users should be disclosed. (Do not use full disclosure principle.)