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.) choose the accounting concept b. indicates that personal and business recordkeeping should be separately maintained. choose the accounting concept c. ensures that all relevant financial information is reported. choose the accounting concept d. assumes that the dollar is the ""measuring stick"" used to report on financial performance. choose the accounting concept e. requires that accounting standards be followed for all items of significant size. choose the accounting concept f. separates financial information into time periods for reporting purposes. choose the accounting concept g. requires recognition of expenses in the same period as related revenues. choose the accounting concept h. indicates that fair value changes subsequent to purchase are not recorded in the accounts.

Asavings account that pays interest every 3 months is said to have a interest period

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.