What principles of accounting does it violated?

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter2: Audits Of High-risk Accounts
Section2.9: Powder River Petroleum International, Inc.
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A food company ordered a machine needed in the assembly line of it's production departmen. Upon order, the machine was immediately listed as one of it's asset. What principles of accounting does it violated?

 

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