The following events occurred for Favata Company: Received $12,500 cash from owners and issued stock to them. Borrowed $9,500 cash from a bank and signed a note due later this year. Bought and received $1,050 of equipment on account. Purchased land for $17,000; paid $1,500 in cash and signed a long-term note for $15,500. Purchased $5,500 of equipment; paid $1,500 in cash and charged the rest on account. Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation. (Enter any decreases to account balances with a minus sign.)

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

4. the condition requires that only one of the selected criteria be true for a record to be displayed.