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could you double check what i did they asking for the assumption and principle Match the appropriate accounting assumption or principle that is most applicable

could you double check what i did they asking for the assumption and principle

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Match the appropriate accounting assumption or principle that is most applicable to each of the following cases: Prepayment for an annual license is Expense Recognition allocated equally to expense over the next 12 months for ABC Inc. Inventories at Sparky Mercantile are valued Monetary Unit Assumption at lower of cost or net realizable value Although the inflation rate for the most Periodicity Assumption recent fiscal year of Desert Auto was 6%, no adjustment was made on the year-end statements Anderson owns a restaurant and a dry Economic Entity Assumption v cleaning service. Separate financial statements are prepared for each business

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