Owen Bodnar is the propnetor of a property management company near the campus of a local university The business has cash of $77,000 and furniture that cost $26,000 and has a market value of $32,000 Debts include accounts payable of $18,000 Bodnar's personal home is valued at $820,000, and his personal bank account contains $21,000 Required C Requirement 1. identity the accounting assumption, principle, or constraint that best matches each of the following situations Select the accounting assumption, principle, or constraint that best applies to each situation a Bodnar's personal assets are not recorded on the property management company's balance sheet