Identify the accounting principle or assumption that best reflects each situation

Identify the accounting principle or assumption thet best reflects each situation. 1 Each business ts accounted tor from Its mwner or cvmers, 2 Record expenses incurred to Oenerate the revenue reported_ 3 A corruany reports detaits tmna financial statements that would mpact users' Accounting reports presume that the busness continue operating instead or boing closed 5 Information based on actual costs incurred transactions. 6 The of a comparw can be d'vded into tme penods, and useful reports can be prepared tot those