46. Chad Jones is the sole owner and manager of Jones Glass Repair Shop. Jones purchased a truck, to be used in the business, for its market value of $35,000. Which of the following fundamentals requires Jones to record the truck at the price paid to buy it? A. Separate-entity assumption. B. Revenue principle. C. Stable monetary unit assumption. D. Historical cost principle. 47. In what order are current assets listed on a balance sheet? A. By dollar amount (largest first). B. By date of acquisition (earliest first). C. By liquidity. D. By relevance to the operation of the business. 48. In what order would the following assets be listed on a balance sheet? A. Cash, Short-term Investments, Accounts Receivable, Inventory. B. Cash, Intangible Assets, Accounts Receivable, Property and Equipment. C. Cash, Accounts Receivable, Property and Equipment, Inventory. D. Cash, Inventory, Intangible Assets, Accounts Receivable. 49. Where would changes in stockholders' equity resulting from financing provided by operations be reported? A. Within a long-term asset account. B. Within the additional paid-in capital account. C. Within a liability account. D. Within the retained earnings account. 50. Which of the following events will cause retained earnings to increase? A. Dividends declared by the Board of Directors. B. Net income reported for the period. C. Net loss reported for the period. D. Issuance of stock in exchange for cash.