Which of the following is a valid argument for separate accounting principles for proprietary activities? two separate measurement focuses and bases for accounting within the same set of financial statements are confusing. there are no clear-cut distinctions between business and non-business activities. the measurement focus on all economic resources is more consistent with the gasb’s objectives that financial reporting should provide information to determine whether current-year revenues were sufficient to pay for current-year services. surveys of statement users indicate that information on depreciation is not of high priority to governmental decision makers.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

E? pretty sure let me know the answer