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Which Assumption, principle, or constraint relates to each business enterprise being kept as a unit distinct from its owner or owners? measurement economic entity expense recognition fair value to me An accountant works for a Company that uses perpetual inventory method and is preparing the income statement for 2018 and the balance sheet at December 31, 2018. The inventory account will appear only as an asset on the balance sheet. only in the cost of goods sold section of the income statement. as a deduction in the cost of goods sold section of the income statement and as a current asset on the balance sheet. as an addition in the cost of goods sold section of the income statement and as a current asset on the balance sheet