If the company produces no output, it must pay No cost (A A small amount of variable cost Its fixed cost Its owners a normal profit (D B

For each situation, list the assumption, principle, or constraint that has been violated, if any. List only one answer for each situation. a.   East Lake Company recognizes revenue at the end of the production cycle but before sale. The price of the product, as well as the amount that can be sold, is not certain.   choose one of the assumption, principle or constraint                                                           Going concern assumptionPeriodicity assumptionNo violationHistorical cost principleRevenue recognition principleEconomic entity assumption b.   Hilo Company is in its fifth year of operation and has yet to issue financial statements. (Do not use the full disclosure principle.)   choose one of the assumption, principle or constraint                                                           Historical cost principleGoing concern assumptionRevenue recognition principleNo violationPeriodicity assumptionEconomic entity assumption c.   Gomez, Inc. is…

Which of the following items will not cause the company's ROA to increase? Multiple Choice O O Reducing costs. Reducing company assets without impacting sales. Increasing company assets. Increasing the selling price per unit. $