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  3. for each of the following situations write the pri

For each of the following situations write the prindicle, assumption, or concept that justifics or...

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Accounting

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For each of the following situations write the prindicle, assumption, or concept that justifics or explains what occurred. A. A landscaper recelved a cuntomer 's order and cash prepayment to install sod at a house that would not be ready for instalabion until March of neit year. The owner should record the revenue from the customer order in March of next year, not in Decenber of this yeac. 8. A company divides its income statements into four quarters for the year. C. Land is purchased for 5205,000 canh; the land is reported on the balance sheet of the purchaser at 5205,000 . D. Hrandy's Flower shop is forecasting its balance sheet for the next five years. F. When preparing financials for a company, the owner makes sure that the expense transactions are knipt separate froni expenses of the other company that he ewns. F. A company records the expenses incurred to generate the revenues reported

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