Question 1 2 pts Match the appropriate accounting assumption or principle that is most applicable to each of the following cases: Prepayment for an annual license is allocated equally to expense over the next 12 months for ABC Inc. Inventories at Sparky Mercantile are valued at lower of cost or net realizable value [Choose ] [Choose] Measurement Principle Revenue Recognition Expense Recognition Economic Entity Assumption Periodicity Assumption Monetary Unit Assumption [Choose ] Although the inflation rate for the most recent fiscal year of Desert Auto was 6%, no adjustment was made on the year- end statements [Choose ] Anderson owns a restaurant and a dry cleaning service. Separate financial statements are prepared for each business