1. Identify the accounting assumption, principle, or constraint that best matches each of the following situations. a. Craven's personal assets are not recorded on the property management company's balance sheet. b. Craven records furniture at its cost of $28,000, not the market value of $32,000. c. Craven does not make adjustments for inflation. d. Craven missed recording a $2.70 cup of coffee on her financial statements. She does not ask her accountant to redo the financial statements because that would cost her an extra $360. 2. How much is the owner's equity of the property management company? Print Done