What is the last one (h)?

Exercise 4-2 Your answer is partially correct. Try again. Identify the accounting concept that describes each situation below. Do not use any concept more than once. (a) Is the rationale for why plant assets are not reported at liquidation value. (Do not use the historical cost principle.) T Going concerh assumption (b) Indicates that personal and business recordkeeping should be separately maintained. (c) Ensures that all relevant financial information is reported. (d) Assumes that the dollar is the "measuring stick" used to report on financial performance. (e) Requires that accounting standards be followed for all items of significant size. entity Full () Separates financial information into time periods for reporting purposes (9) Requires recognition of expenses in the same period as related revenues. Expense recognition principle Monetary unit assumption (h) Indicates that fair value changes subsequent to purchase are not recorded in the accounts. t Cost constraint Revenue recognition principle Economic entity assumption Going concern assumption Periodicity assumption Historical cost principle Full disclosure principle LINK TO TEXT VIDEO. APPLIED SKILLS Question Attempts: 1 of Materiality