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Which accounting principle did ellis violate

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Reference no: EM132911264

Problem 1: In December 2020, Ellis Landscaping accepted $20,000 for a landscaping project to be completed in January 2021. Ellis recognized the revenue and profit from this transaction in 2020. Which accounting principle did Ellis violate?

Option 1: Matching Principle
Option 2: Historical Cost Principle
Option 3: Periodicity Assumption
Option 4: Revenue Recognition Principle

Reference no: EM132911264

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