Assumptions in financial reporting. indicate the assumption (going concern, business/economic entity, monetary unit, or periodicity) that best fits the following scenarios. scenariorelated assumptiona. monro manufacturing requires that its division managers report to corporate headquarters on a monthly basis. b. rainbow paints, inc. owns 15% of new eljam company. rainbow does not consolidate this affiliate company because it cannot control its operations. c. financial analysts at nelson corporation use an infinite-growth assumption in building a model to value the company. d. factory buildings are reported on jack jones warehousing, inc.’s balance sheet as the sum of the total cost of two plants; one of the plants was acquired in 1951 and the other was purchased in 2011