dentify 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.)||?Going concern assumptionCost constraintMaterialityExpense recognition principleRevenue recognition principleEconomic entity assumptionMonetary unit assumptionHistorical cost principlePeriodicity assumptionFull disclosure principle|
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