Check my work Required information Knowledge Check 01 Identify the correct principle for each of the following activities using the drop-down list. Activities Items Item #1 Item #2 Item 43 Item 14 Principle A company records the expenses incurred to generate the revenue reported. Revenue is recognized when goods are provided to the customer at the amount expected to be received A company reports the details behind financial statements that would impact user's decisions Accounting information is based on actual cost Check my work Required information Knowledge Check 01 Identify the correct principle for each of the following activities using the drop-down list. Activities Items Item #1 Item #2 Item 43 Item 14 Principle A company records the expenses incurred to generate the revenue reported. Revenue is recognized when goods are provided to the customer at the amount expected to be received A company reports the details behind financial statements that would impact user's decisions Accounting information is based on actual cost