The conceptual framework for financial reporting identifies the qualitative characteristics and foundational principles that make accounting information useful. For the following situation indicate: (a) the name of the foundational principle; and (b) whether the company is complying with the foundational principle and how you know that this is the case. Situation: Karen's Kitchen Essentials (KKE) sells all of its goods on account to Canadian retailers. To ensure that net income is not overstated, KKE does not report revenue from these sales until the company receives cash from each customer