Exercise 4.14 accounting principles (lo4-1, lo4-2, lo4-3, lo4-4, lo4-5, lo4-6, lo4-7, lo4-8)
[the following information applies to the questions displayed below.]

for each of the following situations described, indicate the underlying accounting principle that is being violated. choose from the following principles.

matching
materiality
cost
realization
objectivity

if you do not believe that the practice violates any of these principles, answer "none".