Question: Which the following does not correctly match the accounting principle with its major focus or assumption? Group of answer choices Historical cost principle - companies report account information based on acquisition costs rather than fair market value for most assets and liabilities. Matching principle - Expenses have to be matched with revenues in the same accounting period. Revenue recognition principle - Revenue is recognized (that is, recorded) when cash is received from customers for goods or services provided. Business entity assumption - Business transactions are kept separate from its owner's personal financial transactions.