Answer:
Please refer below the assumption, principle, or constraint that most appropriately justifies these procedures and practices for each.
Explanation:
A Fair value changes are not recognized in the accounting records.
Measurement Principle (historical cost)
B Accounts receivable are recorded for sales on account rather than waiting until cash is received.
Accrual basis assumption
C Financial information is presented so that investors will not be misled
Materiality Full Disclosure Principle
D Intangible assets are capitalized and amortized over periods benefited
Measurement Principle (Historical Cost)
E Brokerage companies use fair value for purposes of valuing financial securities.
Measurement Principle (Fair value)
F Each enterprise is kept as a unit distinct from its owner or owners.
Economic Entity Assumption Periodicity Assumption
G All significant post-statement of financial position events are reported
Full Disclosure Principle
H Revenue is recorded at point of sale
Revenue Recognition Principle
I All important aspects of bond indentures are presented in financial statements
Materiality Full Disclosure Principle
J Rationale for accrual accounting
Revenue and Expense Recognition Principle
K The use of consolidated statements is justified
Economic Entity Assumption
