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What accounting principle is being ignored here

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Question - You are working as an accountant for Snow Shovelling Incorporated. The CEO of the company, Susan Rodriguez wants to increase profits so she gets a big bonus, so she asks you to record several prepaid contracts for FUTURE snow removal worth $13 000 as Revenue instead of Unearned Revenue in the company's financial statements.

Required -

a) What effect would this have on the financial statements? Be Specific and use numbers.

b) What Accounting Principle is being ignored here?

c) Will you do what Susan asked you to do? Why or Why not?

Reference no: EM132522292

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