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2. Carnival Cruise Lines, the world's largest cruise line, has a scheduled cruise sail in November. In October, Carnival Cruise Lines spent $5,000 to purchase

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2. Carnival Cruise Lines, the world's largest cruise line, has a scheduled cruise sail in November. In October, Carnival Cruise Lines spent $5,000 to purchase soft beverage for next month's cruise trip. Which accounting principle would prescribe that Carnival Cruise line record $5,000 as the expense for November's trip? A) Matching principle B) Going-concern principle C) Revenue recognition principle D) All of the above E) None of the above

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