All relevant financial information must be reported. Question 10 Not yet answered Marked out of 22.00 Match the following situations or statements with the correct assumption, principle, or constraint. Qu Choose... Flag question Revenues are recorded at the time of the sale, regardless of when cash is received. Choose... M Financial Statements must be prepared at defined equal time intervals Choose... Cash received or paid is not the basis used to recognize revenues Choose... and expenses Each enterprise is kept as a unit Choose... distinct from its owner(s) N + Allows the use of fair value valuation in certain situations. Choose... Small and insignificant expenses are recorded in a single account named "Miscellaneous Expense" Choose...