Question 1. Identify which basic principle of accounting is best described in each of the following items: (20 points) a. ABBA Company, in addition the Financial Statements, publishes also notes to its financial statements and supplementary information. (5 points) b. Gamma Co. reports trading investments on its statement of financial position at their estimated fair value. (5 points) C. EdilCentro recognizes supplies cost as an expense when using them, instead of when purchasing them. (5 points) d. KCC Co. records revenues when it performs a service for its customers even though cash is collected later. (5 points)