U Is s Kimmel, Survey of Accounting, le Help System Announcements Exercise 3-1 Identify the accounting assumption or principle that is described below. Belief that a company will remain in operation for the foreseeable future. Indicates that personal and business record-keeping should be separately maintained. Only those items that can be expressed in money are included in the accounting records. 3 @ @ @zo Separates financial information into time periods for reporting purposes. Measurement basis used when a reliable estimate of fair value is not available. Dictates that companies should report all circumstances and events that make a difference to financial statement users. LINK TO TEXT