Identify the accounting assumption, principle, or constraint that describes each situation below. Do not use any asumption, principle or constraint more than once.

Identify the accounting assumption, principle, or constraint that describes each situation below. Do not use any asumption, principle or constraint more than once.

(a)		Is the rationale for why plant assets are not reported at liquidation value. (Do not use the historical cost principle.)		Revenue recognition principle Monetary unit assumption Periodicity assumption Historical cost principle Materiality Going concern assumption Full disclosure principle Cost constraint Economic entity assumption Expense recognition principle
(b)		Indicates that personal and business record-keeping should be separately maintained.		Monetary unit assumption Full disclosure principle Economic entity assumption Revenue recognition principle Historical cost principle Materiality Going concern assumption Cost constraint Periodicity assumption Expense recognition principle
(c)		Ensures that all relevant financial information is reported.		Historical cost principle Periodicity assumption Going concern assumption Materiality Expense recognition principle Cost constraint Monetary unit assumption Full disclosure principle Revenue recognition principle Economic entity assumption
(d)		Assumes that the dollar is the “measuring stick” used to report on financial performance.		Going concern assumption Monetary unit assumption Periodicity assumption Expense recognition principle Revenue recognition principle Historical cost principle Economic entity assumption Materiality Full disclosure principle Cost constraint
(e)		Requires that accounting standards be followed for all items of significant size.		Monetary unit assumption Periodicity assumption Historical cost principle Full disclosure principle Materiality Cost constraint Expense recognition principle Going concern assumption Revenue recognition principle Economic entity assumption
(f)		Separates financial information into time periods for reporting purposes.		Economic entity assumption Expense recognition principle Periodicity assumption Materiality Full disclosure principle Cost constraint Historical cost principle Going concern assumption Monetary unit assumption Revenue recognition principle
(g)		Requires recognition of expenses in the same period as related revenues.		Periodicity assumption Expense recognition principle Historical cost principle Materiality Full disclosure principle Going concern assumption Cost constraint Revenue recognition principle Economic entity assumption Monetary unit assumption
(h)		Indicates that fair value changes subsequent to purchase are not recorded in the accounts.		Expense recognition principle Monetary unit assumption Periodicity assumption Cost constraint Revenue recognition principle Historical cost principle Full disclosure principle Materiality Economic entity assumption Going concern assumption