They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
E2-6B (Assumptions, Principles, and Constraint) Presented below are the assumptions, principles, and constraints used in this chapter.
1. Economic entity assumption 6. Measurement principle (fair value)
2. Going concern assumption 7. Expense recognition principle
3. Monetary unit assumption 8. Full disclosure principle
4. Periodicity assumption 9. Cost – constraint
5. Measurement principle (historical cost)
Instructions
Identify by number the accounting assumption, principle, or constraint that describes each situation below. Do not use a number more than once.
(a) Permits the use of market value valuation in certain specific situations.
(b) Rationale why plant assets are not reported at liquidation value. (Do not use measurement principle.)
(c) Allocates expenses to revenues in the proper period.
(d) Indicates that personal and business record keeping should be separately maintained.
(e) Ensures that all relevant financial information is reported.
(f) Indicates that market value changes subsequent to purchase are not recorded in the accounts. (Do not use measurement principle.)
(g) Separates financial information into time periods for reporting purposes.
(h) Assumes that the dollar is the “measuring stick” used to report on financial performance.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more