Accounting Principles Three statements are given below. Required: Give the accounting principle that is most applicable to each of the statements. a. Quagmire Company recognizes revenue when the goods are delivered to a customer, even though cash will not be collected from the customer for 30 days. b. Inventory, which was recently damaged by a flood, was considered a significant amount and will impact decision makers' decision about investing in this company. c. Land, located in a desirable location, is reported at the original acquisition price, even though its value has increased by over 100% since it was purchased