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Identify the accounting principle or assumption that best reflects each situation. table [ [ Situation , ] , [ 1 . A company reports

Identify the accounting principle or assumption that best reflects each situation.
\table[[Situation,],[1. A company reports details behind financial statements that would impact users' decisions.,],[2. Financial statements reflect the assumption that the business continues operating.,],[3. A company records the expenses incurred to generate the revenues reported.,],[4. Each business is accounted for separately from its owner or owners.,],[5. Revenue is recorded when products and services are delivered.,],[6. Information is based on actual costs incurred in transactions.,]]
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