options are

Business entity assumption

expense recognition principle

full discloser principle

going- concern assumptions

Identify the accounting principle or assumption that best reflects each situation. Principle or Assumption Situation 1. Transactions and events are shown in monetary units 2. Accounting reports presume that the business will continue operating instead of being closed 3. A company reports details behind financial statements that would impact users decisions 4. A business is accounted for separately from other business entities and its owner 5. Revenue is recognized when goods or services are provided to customers 6. Information is based on actual costs incurred in transactions